Franklin Exponential Data ETF (BATS:XDAT) Trading Down 1.9% – Time to Sell?

Franklin Exponential Data ETF (BATS:XDAT)’s stock price traded down 1.9% during mid-day trading on Wednesday . The company traded as low as $24.38 and last traded at $24.38. 7 shares were traded during mid-day trading, a decline of 99% from the average session volume of 706 shares. The stock had previously closed at $24.85.

Franklin Exponential Data ETF Price Performance

The stock has a 50 day moving average price of $23.72 and a 200-day moving average price of $23.74. The stock has a market capitalization of $3.66 million, a price-to-earnings ratio of 45.15 and a beta of 1.11.

Hedge Funds Weigh In On Franklin Exponential Data ETF

An institutional investor recently raised its position in Franklin Exponential Data ETF stock. Truist Financial Corp lifted its position in Franklin Exponential Data ETF (BATS:XDAT) by 8.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,303 shares of the company’s stock after buying an additional 2,566 shares during the quarter. Truist Financial Corp owned approximately 20.87% of Franklin Exponential Data ETF worth $809,000 at the end of the most recent reporting period.

Franklin Exponential Data ETF Company Profile

The Franklin Exponential Data ETF (XDAT) is an exchange-traded fund that mostly invests in information technology equity. The fund is actively-managed to invest in global companies believed to benefit from or facilitate Big Data and its applications such as AI, augmented and virtual reality, software-as-a-service, and personalized advertising and healthcare. XDAT was launched on Jan 12, 2021 and is managed by Franklin Templeton.