Franklin Exponential Data ETF (BATS:XDAT) Trading 1.7% Higher – Here’s What Happened

Franklin Exponential Data ETF (BATS:XDAT)’s stock price traded up 1.7% during trading on Thursday . The stock traded as high as $21.79 and last traded at $21.79. 348 shares changed hands during trading, a decline of 36% from the average session volume of 543 shares. The stock had previously closed at $21.43.

Franklin Exponential Data ETF Stock Down 0.6%

The firm has a market capitalization of $3.25 million, a price-to-earnings ratio of 45.15 and a beta of 1.11. The company’s fifty day moving average is $23.91 and its two-hundred day moving average is $25.96.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Franklin Exponential Data ETF stock. Truist Financial Corp raised its holdings in Franklin Exponential Data ETF (BATS:XDAT) by 10.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,737 shares of the company’s stock after purchasing an additional 2,795 shares during the quarter. Truist Financial Corp owned 19.16% of Franklin Exponential Data ETF worth $805,000 as of its most recent SEC filing.

Franklin Exponential Data ETF Company Profile

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.