iShares Exponential Technologies ETF (NASDAQ:XT) Hits New 1-Year High – Still a Buy?

iShares Exponential Technologies ETF (NASDAQ:XT)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $79.60 and last traded at $79.55, with a volume of 116039 shares traded. The stock had previously closed at $79.07.

iShares Exponential Technologies ETF Price Performance

The company’s 50 day simple moving average is $71.77 and its 200 day simple moving average is $72.35. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 26.41 and a beta of 1.12.

Hedge Funds Weigh In On iShares Exponential Technologies ETF

Institutional investors have recently modified their holdings of the business. Optima Capital LLC acquired a new position in shares of iShares Exponential Technologies ETF in the fourth quarter worth $25,000. Spire Wealth Management grew its stake in shares of iShares Exponential Technologies ETF by 78.7% in the fourth quarter. Spire Wealth Management now owns 420 shares of the company’s stock worth $29,000 after acquiring an additional 185 shares in the last quarter. Sound Income Strategies LLC grew its stake in shares of iShares Exponential Technologies ETF by 455.1% in the fourth quarter. Sound Income Strategies LLC now owns 433 shares of the company’s stock worth $31,000 after acquiring an additional 355 shares in the last quarter. Horizon Investments LLC acquired a new position in shares of iShares Exponential Technologies ETF in the third quarter worth $33,000. Finally, MV Capital Management Inc. acquired a new position in shares of iShares Exponential Technologies ETF in the fourth quarter worth $47,000.

iShares Exponential Technologies ETF Company Profile

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. XT was launched on Mar 19, 2015 and is managed by BlackRock.