iShares Exponential Technologies ETF (NASDAQ:XT) Reaches New 12-Month High – Should You Buy?

iShares Exponential Technologies ETF (NASDAQ:XT) shares hit a new 52-week high on Thursday . The stock traded as high as $76.39 and last traded at $76.38, with a volume of 36733 shares traded. The stock had previously closed at $74.96.

iShares Exponential Technologies ETF Trading Up 0.2%

The firm’s 50-day moving average price is $71.16 and its two-hundred day moving average price is $72.17. The stock has a market cap of $3.87 billion, a PE ratio of 26.41 and a beta of 1.12.

Institutional Investors Weigh In On iShares Exponential Technologies ETF

Several hedge funds have recently modified their holdings of XT. Jane Street Group LLC lifted its position in iShares Exponential Technologies ETF by 946.8% during the first quarter. Jane Street Group LLC now owns 160,177 shares of the company’s stock valued at $9,220,000 after acquiring an additional 144,876 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in iShares Exponential Technologies ETF during the second quarter valued at approximately $356,000. Strategic Wealth Investment Group LLC purchased a new stake in iShares Exponential Technologies ETF during the second quarter valued at approximately $135,000. Ameriprise Financial Inc. lifted its position in iShares Exponential Technologies ETF by 143.6% during the second quarter. Ameriprise Financial Inc. now owns 641,593 shares of the company’s stock valued at $41,912,000 after acquiring an additional 378,264 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its position in iShares Exponential Technologies ETF by 683.4% during the second quarter. Orion Porfolio Solutions LLC now owns 824,495 shares of the company’s stock valued at $53,798,000 after acquiring an additional 719,245 shares during the last quarter.

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.