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

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

iShares Exponential Technologies ETF Stock Performance

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

Hedge Funds Weigh In On iShares Exponential Technologies ETF

Institutional investors have recently made changes to their positions in the business. EQ LLC grew its position in shares of iShares Exponential Technologies ETF by 3.4% during the 3rd quarter. EQ LLC now owns 4,921 shares of the company’s stock valued at $300,000 after acquiring an additional 164 shares during the period. Coastline Trust Co purchased a new position in iShares Exponential Technologies ETF during the third quarter valued at $321,000. Assetmark Inc. grew its holdings in 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 purchasing an additional 936 shares during the period. Crestwood Advisors Group LLC purchased a new stake in iShares Exponential Technologies ETF in the third quarter worth about $212,000. Finally, Pure Financial Advisors LLC bought a new position in shares of iShares Exponential Technologies ETF in the third quarter worth about $264,000.

About iShares Exponential Technologies ETF

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.