Franklin Exponential Data ETF (BATS:XDAT) Shares Down 0.7% – What’s Next?

Franklin Exponential Data ETF (BATS:XDAT)’s stock price was down 0.7% during mid-day trading on Friday . The stock traded as low as $24.78 and last traded at $24.81. Approximately 783 shares changed hands during trading, an increase of 19% from the average session volume of 659 shares. The stock had previously closed at $24.99.

Franklin Exponential Data ETF Price Performance

The business has a 50-day simple moving average of $24.72 and a 200 day simple moving average of $23.53. The firm has a market cap of $3.72 million, a PE ratio of 45.15 and a beta of 1.11.

Institutional Investors Weigh In On Franklin Exponential Data ETF

A hedge fund recently raised its stake in Franklin Exponential Data ETF stock. Truist Financial Corp increased its position in Franklin Exponential Data ETF (BATS:XDAT) by 8.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,303 shares of the company’s stock after acquiring an additional 2,566 shares during the quarter. Truist Financial Corp owned about 20.87% of Franklin Exponential Data ETF worth $809,000 at the end of the most recent quarter.

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.