iShares Exponential Technologies ETF (NASDAQ:XT) Sets New 1-Year High – Here’s Why

iShares Exponential Technologies ETF (NASDAQ:XT) shares reached a new 52-week high on Thursday . The company traded as high as $61.62 and last traded at $61.62, with a volume of 48812 shares traded. The stock had previously closed at $60.78.

iShares Exponential Technologies ETF Stock Up 1.7 %

The stock has a market capitalization of $3.55 billion, a PE ratio of 23.27 and a beta of 1.02. The stock’s 50 day moving average price is $59.67 and its 200-day moving average price is $58.88.

Hedge Funds Weigh In On iShares Exponential Technologies ETF

A number of hedge funds have recently made changes to their positions in the business. Strategic Financial Concepts LLC bought a new position in iShares Exponential Technologies ETF during the second quarter valued at approximately $65,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of iShares Exponential Technologies ETF in the 2nd quarter valued at approximately $104,000. Crestwood Advisors Group LLC bought a new stake in iShares Exponential Technologies ETF in the third quarter worth $212,000. Graypoint LLC purchased a new position in shares of iShares Exponential Technologies ETF during the 2nd quarter worth about $220,000. Finally, Assetmark Inc. boosted its position in shares of iShares Exponential Technologies ETF by 34.0% during the third quarter. Assetmark Inc. now owns 3,691 shares of the company’s stock valued at $225,000 after buying an additional 936 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.