iShares Exponential Technologies ETF (NASDAQ:XT) Reaches New 12-Month High – Here’s What Happened

iShares Exponential Technologies ETF (NASDAQ:XT) hit a new 52-week high during trading on Wednesday . The stock traded as high as $63.88 and last traded at $63.86, with a volume of 264637 shares traded. The stock had previously closed at $63.38.

iShares Exponential Technologies ETF Price Performance

The company has a market cap of $3.38 billion, a PE ratio of 23.27 and a beta of 1.02. The company has a fifty day moving average price of $61.45 and a 200 day moving average price of $60.34.

iShares Exponential Technologies ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 30th were issued a dividend of $0.0094 per share. The ex-dividend date was Monday, December 30th.

Institutional Trading of iShares Exponential Technologies ETF

Several hedge funds and other institutional investors have recently bought and sold shares of XT. Financial Engines Advisors L.L.C. boosted its stake in iShares Exponential Technologies ETF by 1.3% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 34,675,164 shares of the company’s stock worth $2,068,720,000 after buying an additional 451,288 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of iShares Exponential Technologies ETF during the fourth quarter valued at approximately $14,080,000. Baird Financial Group Inc. boosted its stake in shares of iShares Exponential Technologies ETF by 334.4% during the fourth quarter. Baird Financial Group Inc. now owns 262,924 shares of the company’s stock valued at $15,686,000 after purchasing an additional 202,395 shares during the period. Strategic Financial Concepts LLC purchased a new stake in shares of iShares Exponential Technologies ETF during the fourth quarter valued at approximately $7,110,000. Finally, Jane Street Group LLC boosted its stake in shares of iShares Exponential Technologies ETF by 639.8% during the third quarter. Jane Street Group LLC now owns 98,986 shares of the company’s stock valued at $6,026,000 after purchasing an additional 85,606 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.