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

iShares Exponential Technologies ETF (NASDAQ:XT) shares saw unusually-high trading volume on Wednesday . Approximately 250,347 shares were traded during 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 Stock Performance

The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 23.27 and a beta of 1.02. The company has a 50 day moving average price of $60.86 and a 200 day moving average price of $59.85.

iShares Exponential Technologies ETF Cuts Dividend

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

Institutional Investors Weigh In On iShares Exponential Technologies ETF

A number of hedge funds have recently bought and sold shares of the stock. AE Wealth Management LLC lifted its position in shares of iShares Exponential Technologies ETF by 93.9% during the 2nd quarter. AE Wealth Management LLC now owns 13,722 shares of the company’s stock worth $807,000 after purchasing an additional 6,646 shares during the last quarter. Bank of Montreal Can lifted its holdings in iShares Exponential Technologies ETF by 2.9% during the 2nd quarter. Bank of Montreal Can now owns 21,527 shares of the company’s stock worth $1,267,000 after buying an additional 605 shares during the last quarter. Daymark Wealth Partners LLC increased its holdings in shares of iShares Exponential Technologies ETF by 1.1% in the 2nd quarter. Daymark Wealth Partners LLC now owns 85,428 shares of the company’s stock valued at $5,026,000 after acquiring an additional 949 shares during the last quarter. Creative Planning increased its holdings in shares of iShares Exponential Technologies ETF by 19.2% in the 2nd quarter. Creative Planning now owns 8,453 shares of the company’s stock valued at $497,000 after acquiring an additional 1,361 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in iShares Exponential Technologies ETF by 1.5% during the second quarter. Truist Financial Corp now owns 70,060 shares of the company’s stock worth $4,122,000 after purchasing an additional 1,036 shares during the last quarter.

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.