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

iShares Exponential Technologies ETF (NASDAQ:XT)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $74.46 and last traded at $74.27, with a volume of 140909 shares. The stock had previously closed at $73.56.

iShares Exponential Technologies ETF Trading Up 1.0%

The stock has a market capitalization of $3.74 billion, a P/E ratio of 26.41 and a beta of 1.02. The business has a 50-day moving average price of $68.72 and a two-hundred day moving average price of $63.61.

Institutional Investors Weigh In On iShares Exponential Technologies ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp raised its position in iShares Exponential Technologies ETF by 10,895.4% during the first quarter. Jones Financial Companies Lllp now owns 4,447,205 shares of the company’s stock valued at $271,947,000 after purchasing an additional 4,406,759 shares in the last quarter. Orion Porfolio Solutions LLC boosted its holdings in shares of iShares Exponential Technologies ETF by 683.4% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 824,495 shares of the company’s stock valued at $53,798,000 after purchasing an additional 719,245 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of iShares Exponential Technologies ETF by 143.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 641,593 shares of the company’s stock valued at $41,912,000 after purchasing an additional 378,264 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of iShares Exponential Technologies ETF by 856.5% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 268,020 shares of the company’s stock valued at $17,488,000 after purchasing an additional 240,000 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of iShares Exponential Technologies ETF by 946.8% during the 1st quarter. Jane Street Group LLC now owns 160,177 shares of the company’s stock worth $9,220,000 after buying an additional 144,876 shares in the last quarter.

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.