Franklin Exponential Data ETF (BATS:XDAT) Stock Price Down 0.7% – Should You Sell?

Franklin Exponential Data ETF (BATS:XDAT)’s stock price fell 0.7% during mid-day trading on Friday . The company traded as low as $24.78 and last traded at $24.81. 783 shares changed hands during mid-day trading, an increase of 19% from the average daily volume of 659 shares. The stock had previously closed at $24.99.

Franklin Exponential Data ETF Price Performance

The stock has a market capitalization of $3.72 million, a price-to-earnings ratio of 45.15 and a beta of 1.11. The firm’s fifty day moving average is $24.72 and its 200-day moving average is $23.53.

Institutional Investors Weigh In On Franklin Exponential Data ETF

A hedge fund recently raised its position in Franklin Exponential Data ETF stock. Truist Financial Corp increased its position in Franklin Exponential Data ETF (BATS:XDAT) by 8.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,303 shares of the company’s stock after purchasing an additional 2,566 shares during the period. Truist Financial Corp owned 20.87% of Franklin Exponential Data ETF worth $809,000 at the end of the most recent reporting period.

Franklin Exponential Data ETF Company Profile

The Franklin Exponential Data ETF (XDAT) is an exchange-traded fund that mostly invests in information technology equity. The fund is actively-managed to invest in global companies believed to benefit from or facilitate Big Data and its applications such as AI, augmented and virtual reality, software-as-a-service, and personalized advertising and healthcare. XDAT was launched on Jan 12, 2021 and is managed by Franklin Templeton.