iShares Exponential Technologies ETF (NASDAQ:XT) Hits New 12-Month High – Here’s Why

iShares Exponential Technologies ETF (NASDAQ:XT) reached a new 52-week high during trading on Thursday . The company traded as high as $63.39 and last traded at $63.41, with a volume of 128383 shares changing hands. The stock had previously closed at $62.82.

iShares Exponential Technologies ETF Stock Down 0.1 %

The company has a market capitalization of $3.34 billion, a P/E ratio of 23.27 and a beta of 1.02. The company has a 50 day simple moving average of $61.34 and a two-hundred day simple moving average of $60.16.

iShares Exponential Technologies ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 30th were given a $0.0094 dividend. The ex-dividend date was Monday, December 30th.

Hedge Funds Weigh In On iShares Exponential Technologies ETF

Hedge funds have recently bought and sold shares of the business. Financial Engines Advisors L.L.C. increased its holdings in iShares Exponential Technologies ETF by 1.3% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 34,675,164 shares of the company’s stock worth $2,068,720,000 after purchasing an additional 451,288 shares during the period. Raymond James Financial Inc. purchased a new position in shares of iShares Exponential Technologies ETF during the fourth quarter valued at $14,080,000. Strategic Financial Concepts LLC bought a new position in iShares Exponential Technologies ETF during the 4th quarter worth about $7,110,000. Jane Street Group LLC increased its position in iShares Exponential Technologies ETF by 639.8% during the 3rd quarter. Jane Street Group LLC now owns 98,986 shares of the company’s stock valued at $6,026,000 after purchasing an additional 85,606 shares during the period. Finally, OLD Mission Capital LLC purchased a new stake in shares of iShares Exponential Technologies ETF in the 4th quarter worth approximately $4,872,000.

iShares Exponential Technologies ETF Company Profile

The iShares Exponential Technologies ETF (XT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index that provides exposure to firms from developed and emerging markets, which create or use exponential technologies as defined by Morningstar.