iShares Exponential Technologies ETF (NASDAQ:XT) Hits New 1-Year High – Time to Buy?

iShares Exponential Technologies ETF (NASDAQ:XT)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $83.12 and last traded at $83.02, with a volume of 11131 shares traded. The stock had previously closed at $82.19.

iShares Exponential Technologies ETF Stock Performance

The stock has a market cap of $4.20 billion, a PE ratio of 26.41 and a beta of 1.12. The business has a 50-day moving average of $74.10 and a 200 day moving average of $72.83.

Institutional Trading of iShares Exponential Technologies ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC grew its holdings in iShares Exponential Technologies ETF by 2.9% in the 1st quarter. Sanctuary Advisors LLC now owns 4,967 shares of the company’s stock valued at $338,000 after buying an additional 138 shares during the period. Rockefeller Capital Management L.P. grew its holdings in iShares Exponential Technologies ETF by 3.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,997 shares of the company’s stock valued at $279,000 after buying an additional 144 shares during the period. Wealthcare Capital Partners LLC grew its holdings in iShares Exponential Technologies ETF by 0.5% in the 3rd quarter. Wealthcare Capital Partners LLC now owns 31,885 shares of the company’s stock valued at $2,294,000 after buying an additional 160 shares during the period. Spire Wealth Management grew its holdings in iShares Exponential Technologies ETF by 78.7% in the 4th quarter. Spire Wealth Management now owns 420 shares of the company’s stock valued at $29,000 after buying an additional 185 shares during the period. Finally, IFP Advisors Inc grew its holdings in iShares Exponential Technologies ETF by 25.1% in the 3rd quarter. IFP Advisors Inc now owns 953 shares of the company’s stock valued at $68,000 after buying an additional 191 shares during the period.

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. XT was launched on Mar 19, 2015 and is managed by BlackRock.