iShares Exponential Technologies ETF (NASDAQ:XT) Sees Unusually-High Trading Volume – Time to Buy?

iShares Exponential Technologies ETF (NASDAQ:XT) shares saw an uptick in trading volume on Wednesday . 250,347 shares were traded during mid-day trading, an increase of 61% from the previous session’s volume of 155,635 shares.The stock last traded at $62.36 and had previously closed at $62.03.

iShares Exponential Technologies ETF Price Performance

The firm has a market cap of $3.33 billion, a PE ratio of 23.27 and a beta of 1.02. The business has a 50-day moving average price of $60.86 and a two-hundred day moving average price of $59.85.

iShares Exponential Technologies ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 30th were given a dividend of $0.0094 per share. The ex-dividend date of this dividend was Monday, December 30th.

Institutional Trading of iShares Exponential Technologies ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Alpha Financial Advisors LLC raised its holdings in iShares Exponential Technologies ETF by 1.2% in the 3rd quarter. Alpha Financial Advisors LLC now owns 371,483 shares of the company’s stock valued at $22,616,000 after acquiring an additional 4,289 shares during the last quarter. Stratos Wealth Advisors LLC increased its stake in iShares Exponential Technologies ETF by 37.9% in the third quarter. Stratos Wealth Advisors LLC now owns 205,810 shares of the company’s stock valued at $12,530,000 after purchasing an additional 56,514 shares during the last quarter. Stratos Investment Management LLC boosted its stake in iShares Exponential Technologies ETF by 18.8% in the 3rd quarter. Stratos Investment Management LLC now owns 183,218 shares of the company’s stock worth $11,154,000 after buying an additional 29,058 shares during the last quarter. AlphaCore Capital LLC boosted its stake in iShares Exponential Technologies ETF by 4.8% in the 3rd quarter. AlphaCore Capital LLC now owns 173,464 shares of the company’s stock worth $10,560,000 after buying an additional 7,888 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its stake in shares of iShares Exponential Technologies ETF by 1.9% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 167,263 shares of the company’s stock valued at $9,979,000 after acquiring an additional 3,192 shares during 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.