iShares Exponential Technologies ETF (NASDAQ:XT) Hits New 52-Week High – What’s Next?

iShares Exponential Technologies ETF (NASDAQ:XT)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $61.88 and last traded at $61.88, with a volume of 6278 shares traded. The stock had previously closed at $61.63.

iShares Exponential Technologies ETF Price Performance

The company has a 50 day moving average of $60.49 and a 200-day moving average of $59.33. The company has a market capitalization of $3.57 billion, a P/E ratio of 23.27 and a beta of 1.02.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. First Horizon Advisors Inc. increased its stake in iShares Exponential Technologies ETF by 7,907.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,041 shares of the company’s stock worth $63,000 after buying an additional 1,028 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of iShares Exponential Technologies ETF in the second quarter worth about $65,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of iShares Exponential Technologies ETF during the second quarter valued at approximately $104,000. Crestwood Advisors Group LLC purchased a new stake in shares of iShares Exponential Technologies ETF in the 3rd quarter worth $212,000. Finally, Graypoint LLC purchased a new position in iShares Exponential Technologies ETF during the 2nd quarter valued at about $220,000.

About iShares Exponential Technologies ETF

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.