Franklin Exponential Data ETF (BATS:XDAT) Shares Up 1.7% – Here’s Why

Shares of Franklin Exponential Data ETF (BATS:XDAT) rose 1.7% during trading on Thursday . The company traded as high as $21.79 and last traded at $21.79. Approximately 348 shares were traded during trading, a decline of 36% from the average daily volume of 543 shares. The stock had previously closed at $21.43.

Franklin Exponential Data ETF Stock Up 1.7%

The stock has a fifty day moving average of $24.00 and a two-hundred day moving average of $25.99. The stock has a market cap of $3.27 million, a price-to-earnings ratio of 45.15 and a beta of 1.11.

Institutional Trading of Franklin Exponential Data ETF

A hedge fund recently raised its stake in Franklin Exponential Data ETF stock. Truist Financial Corp raised its holdings in shares of Franklin Exponential Data ETF (BATS:XDAT) by 10.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,737 shares of the company’s stock after buying an additional 2,795 shares during the period. Truist Financial Corp owned about 19.16% of Franklin Exponential Data ETF worth $805,000 at the end of the most recent reporting period.

About Franklin Exponential Data ETF

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.