Franklin Exponential Data ETF (BATS:XDAT) Shares Down 5.7% – Time to Sell?

Franklin Exponential Data ETF (BATS:XDAT) dropped 5.7% during mid-day trading on Friday . The company traded as low as $27.52 and last traded at $26.01. Approximately 1,655 shares were traded during mid-day trading, The stock had previously closed at $27.59.

Franklin Exponential Data ETF Price Performance

The stock has a 50-day moving average price of $26.40 and a 200-day moving average price of $25.04. The company has a market capitalization of $7.80 million, a P/E ratio of 52.87 and a beta of 1.38.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Franklin Exponential Data ETF stock. Truist Financial Corp increased its position in shares of Franklin Exponential Data ETF (BATS:XDAT) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,562 shares of the company’s stock after buying an additional 684 shares during the period. Truist Financial Corp owned 7.19% of Franklin Exponential Data ETF worth $547,000 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.