iShares Exponential Technologies ETF (NASDAQ:XT) Sets New 12-Month High – Should You Buy?

iShares Exponential Technologies ETF (NASDAQ:XT)’s stock price reached a new 52-week high on Monday . The company traded as high as $63.37 and last traded at $63.37, with a volume of 29071 shares changing hands. The stock had previously closed at $62.77.

iShares Exponential Technologies ETF Price Performance

The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 23.27 and a beta of 1.02. The firm’s fifty day moving average is $60.71 and its 200-day moving average is $59.43.

Institutional Investors Weigh In On iShares Exponential Technologies ETF

Large investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. grew its stake in iShares Exponential Technologies ETF by 7,907.7% in the third quarter. First Horizon Advisors Inc. now owns 1,041 shares of the company’s stock valued at $63,000 after acquiring an additional 1,028 shares during the period. Strategic Financial Concepts LLC acquired a new stake in iShares Exponential Technologies ETF in the 2nd quarter valued at $65,000. Ashton Thomas Private Wealth LLC bought a new stake in iShares Exponential Technologies ETF during the 2nd quarter valued at $104,000. Crestwood Advisors Group LLC acquired a new position in iShares Exponential Technologies ETF during the third quarter worth $212,000. Finally, Graypoint LLC acquired a new position in iShares Exponential Technologies ETF during the second quarter worth $220,000.

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.