iShares Exponential Technologies ETF (NASDAQ:XT) Reaches New 1-Year High – Still a Buy?

iShares Exponential Technologies ETF (NASDAQ:XT)’s stock price reached a new 52-week high on Friday. The company traded as high as $84.53 and last traded at $84.5180, with a volume of 3059 shares changing hands. The stock had previously closed at $83.35.

iShares Exponential Technologies ETF Stock Performance

The company’s fifty day moving average price is $82.07 and its 200 day moving average price is $79.04. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 26.41 and a beta of 1.14.

Hedge Funds Weigh In On iShares Exponential Technologies ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of XT. Sanctuary Advisors LLC raised its position in shares of iShares Exponential Technologies ETF by 2.9% in the first quarter. Sanctuary Advisors LLC now owns 4,967 shares of the company’s stock valued at $338,000 after purchasing an additional 138 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of iShares Exponential Technologies ETF by 3.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,997 shares of the company’s stock worth $279,000 after buying an additional 144 shares during the period. HighTower Advisors LLC boosted its holdings in shares of iShares Exponential Technologies ETF by 1.1% during the 4th quarter. HighTower Advisors LLC now owns 17,593 shares of the company’s stock worth $1,227,000 after buying an additional 200 shares during the period. Tradition Wealth Management LLC grew its stake in iShares Exponential Technologies ETF by 5.9% in the 4th quarter. Tradition Wealth Management LLC now owns 4,454 shares of the company’s stock valued at $311,000 after buying an additional 247 shares during the last quarter. Finally, REAP Financial Group LLC grew its stake in iShares Exponential Technologies ETF by 858.5% in the 2nd quarter. REAP Financial Group LLC now owns 393 shares of the company’s stock valued at $32,000 after buying an additional 352 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.