iShares Exponential Technologies ETF (NASDAQ:XT) Sees Unusually-High Trading Volume – What’s Next?

Shares of iShares Exponential Technologies ETF (NASDAQ:XT) saw an uptick in trading volume on Wednesday . 382,698 shares traded hands 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 Price Performance

The stock has a market capitalization of $3.59 billion, a P/E ratio of 23.27 and a beta of 1.02. The company has a 50 day simple moving average of $60.74 and a 200-day simple moving average of $59.46.

Institutional Trading of iShares Exponential Technologies ETF

Several hedge funds have recently made changes to their positions in XT. Alpha Financial Advisors LLC raised its stake in shares of iShares Exponential Technologies ETF by 1.2% during the 3rd quarter. Alpha Financial Advisors LLC now owns 371,483 shares of the company’s stock valued at $22,616,000 after purchasing an additional 4,289 shares during the period. Stratos Wealth Advisors LLC raised its stake in shares of iShares Exponential Technologies ETF by 37.9% during the 3rd 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 period. Stratos Investment Management LLC increased 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 acquiring an additional 29,058 shares during the last quarter. AlphaCore Capital LLC increased 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 acquiring an additional 7,888 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in iShares Exponential Technologies ETF in the 2nd quarter worth about $65,000.

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.