iShares Exponential Technologies ETF (NASDAQ:XT) Sees Strong Trading Volume – Should You Buy?

iShares Exponential Technologies ETF (NASDAQ:XT) shares saw strong trading volume on Wednesday . 382,698 shares were traded during mid-day trading, an increase of 230% from the previous session’s volume of 116,030 shares.The stock last traded at $62.38 and had previously closed at $61.78.

iShares Exponential Technologies ETF Stock Down 0.1 %

The company’s fifty day moving average price is $60.85 and its two-hundred day moving average price is $59.51. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 23.27 and a beta of 1.02.

Institutional Trading of iShares Exponential Technologies ETF

A number of institutional investors have recently modified their holdings of the company. Cetera Advisors LLC boosted its holdings in iShares Exponential Technologies ETF by 7.6% during the first quarter. Cetera Advisors LLC now owns 3,856 shares of the company’s stock worth $230,000 after purchasing an additional 273 shares during the last quarter. Brookstone Capital Management grew its holdings in shares of iShares Exponential Technologies ETF by 6.7% in the 2nd quarter. Brookstone Capital Management now owns 78,774 shares of the company’s stock valued at $4,731,000 after acquiring an additional 4,928 shares in the last quarter. Raymond James & Associates grew its holdings in shares of iShares Exponential Technologies ETF by 32.9% in the 2nd quarter. Raymond James & Associates now owns 86,641 shares of the company’s stock valued at $5,097,000 after acquiring an additional 21,459 shares in the last quarter. MONECO Advisors LLC increased its position in shares of iShares Exponential Technologies ETF by 4.8% in the second quarter. MONECO Advisors LLC now owns 10,900 shares of the company’s stock valued at $641,000 after acquiring an additional 496 shares during the last quarter. Finally, Essex Private Wealth Management LLC raised its holdings in iShares Exponential Technologies ETF by 17.1% during the second quarter. Essex Private Wealth Management LLC now owns 34,314 shares of the company’s stock worth $2,019,000 after acquiring an additional 5,008 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.