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

iShares Exponential Technologies ETF (NASDAQ:XT)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $84.25 and last traded at $84.3140, with a volume of 104418 shares traded. The stock had previously closed at $83.96.

iShares Exponential Technologies ETF Trading Up 0.4%

The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 26.41 and a beta of 1.14. The stock has a 50-day simple moving average of $81.55 and a 200-day simple moving average of $78.28.

Hedge Funds Weigh In On iShares Exponential Technologies ETF

Large investors have recently modified their holdings of the stock. Wealthcare Advisory Partners LLC lifted its stake in iShares Exponential Technologies ETF by 3.4% during the second quarter. Wealthcare Advisory Partners LLC now owns 264,664 shares of the company’s stock worth $21,869,000 after purchasing an additional 8,816 shares during the last quarter. New England Private Wealth Advisors LLC increased its holdings in shares of iShares Exponential Technologies ETF by 0.4% during the second quarter. New England Private Wealth Advisors LLC now owns 216,534 shares of the company’s stock valued at $17,050,000 after purchasing an additional 802 shares during the period. Arkadios Wealth Advisors raised its position in shares of iShares Exponential Technologies ETF by 35.8% during the 1st quarter. Arkadios Wealth Advisors now owns 134,859 shares of the company’s stock worth $9,191,000 after buying an additional 35,560 shares in the last quarter. Clearwater Capital Advisors LLC raised its holdings in iShares Exponential Technologies ETF by 2.2% during the first quarter. Clearwater Capital Advisors LLC now owns 126,310 shares of the company’s stock worth $8,608,000 after purchasing an additional 2,724 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its position in shares of iShares Exponential Technologies ETF by 8.5% during the 1st quarter. Kestra Advisory Services LLC now owns 107,352 shares of the company’s stock valued at $7,316,000 after purchasing an additional 8,410 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. XT was launched on Mar 19, 2015 and is managed by BlackRock.