iShares Exponential Technologies ETF (NASDAQ:XT) Shares Gap Down – What’s Next?

iShares Exponential Technologies ETF (NASDAQ:XT)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $74.86, but opened at $69.20. iShares Exponential Technologies ETF shares last traded at $69.0290, with a volume of 20,024 shares traded.

iShares Exponential Technologies ETF Trading Down 0.0%

The firm has a market capitalization of $3.44 billion, a PE ratio of 26.41 and a beta of 1.10. The business has a 50-day moving average of $73.75 and a 200 day moving average of $69.43.

iShares Exponential Technologies ETF Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, December 19th. Investors of record on Tuesday, December 16th will be given a dividend of $5.3322 per share. This represents a dividend yield of 1,542.0%. The ex-dividend date of this dividend is Tuesday, December 16th.

Institutional Investors Weigh In On iShares Exponential Technologies ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in XT. Crewe Advisors LLC bought a new position in shares of iShares Exponential Technologies ETF in the second quarter valued at approximately $25,000. Horizon Investments LLC purchased a new position in iShares Exponential Technologies ETF in the third quarter worth $33,000. CoreCap Advisors LLC grew its stake in iShares Exponential Technologies ETF by 64.0% in the 3rd quarter. CoreCap Advisors LLC now owns 751 shares of the company’s stock valued at $54,000 after purchasing an additional 293 shares during the period. Kilter Group LLC purchased a new stake in shares of iShares Exponential Technologies ETF during the 2nd quarter valued at $51,000. Finally, IFP Advisors Inc raised its stake in shares of iShares Exponential Technologies ETF by 25.1% during the 3rd quarter. IFP Advisors Inc now owns 953 shares of the company’s stock worth $68,000 after purchasing an additional 191 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.