iShares Exponential Technologies ETF (NASDAQ:XT) Sees Large Volume Increase – What’s Next?

Shares of iShares Exponential Technologies ETF (NASDAQ:XT) saw strong trading volume on Wednesday . 250,347 shares traded hands 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 stock has a 50-day moving average price of $60.93 and a two-hundred day moving average price of $59.89. The stock has a market capitalization of $3.35 billion, a P/E ratio of 23.27 and a beta of 1.02.

iShares Exponential Technologies ETF Cuts Dividend

The company also recently announced 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 of this dividend was Monday, December 30th.

Institutional Trading of iShares Exponential Technologies ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stifel Financial Corp boosted its holdings in shares of iShares Exponential Technologies ETF by 15.4% in the third quarter. Stifel Financial Corp now owns 5,097 shares of the company’s stock valued at $310,000 after purchasing an additional 682 shares during the period. Alpha Financial Advisors LLC lifted its stake in shares of iShares Exponential Technologies ETF by 1.2% in 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. Creative Planning increased its holdings in iShares Exponential Technologies ETF by 19.2% in the 2nd quarter. Creative Planning now owns 8,453 shares of the company’s stock worth $497,000 after acquiring an additional 1,361 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of iShares Exponential Technologies ETF by 639.8% in the third quarter. Jane Street Group LLC now owns 98,986 shares of the company’s stock worth $6,026,000 after buying an additional 85,606 shares in the last quarter. Finally, Barrett & Company Inc. boosted its holdings in iShares Exponential Technologies ETF by 0.6% in the 3rd quarter. Barrett & Company Inc. now owns 88,220 shares of the company’s stock valued at $5,371,000 after purchasing an additional 484 shares during the last quarter.

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.