iShares Exponential Technologies ETF (NASDAQ:XT) Sets New 12-Month High – Still a Buy?

iShares Exponential Technologies ETF (NASDAQ:XT)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $83.12 and last traded at $83.02, with a volume of 11131 shares changing hands. The stock had previously closed at $82.19.

iShares Exponential Technologies ETF Price Performance

The company has a market cap of $4.23 billion, a PE ratio of 26.41 and a beta of 1.12. The business has a 50-day moving average of $74.66 and a 200 day moving average of $72.98.

Institutional Trading of iShares Exponential Technologies ETF

A number of hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC lifted its stake in shares of iShares Exponential Technologies ETF by 2.9% during the 1st quarter. Sanctuary Advisors LLC now owns 4,967 shares of the company’s stock worth $338,000 after acquiring an additional 138 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of iShares Exponential Technologies ETF by 3.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,997 shares of the company’s stock worth $279,000 after acquiring an additional 144 shares during the last quarter. Wealthcare Capital Partners LLC lifted its stake in shares of iShares Exponential Technologies ETF by 0.5% during the 3rd quarter. Wealthcare Capital Partners LLC now owns 31,885 shares of the company’s stock worth $2,294,000 after acquiring an additional 160 shares during the last quarter. Spire Wealth Management lifted its stake in shares of iShares Exponential Technologies ETF by 78.7% during the 4th quarter. Spire Wealth Management now owns 420 shares of the company’s stock worth $29,000 after acquiring an additional 185 shares during the last quarter. Finally, IFP Advisors Inc lifted 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 acquiring an additional 191 shares during the last quarter.

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.