iShares Exponential Technologies ETF (NASDAQ:XT) Sees Strong Trading Volume – Still a Buy?

iShares Exponential Technologies ETF (NASDAQ:XT) shares saw an uptick in trading volume on Wednesday . 250,347 shares changed hands during mid-day 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 business has a 50 day simple moving average of $60.93 and a 200-day simple moving average 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 disclosed a dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 30th were paid a dividend of $0.0094 per share. The ex-dividend date was Monday, December 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of XT. Financial Life Planners bought a new stake in iShares Exponential Technologies ETF in the fourth quarter valued at about $164,000. Destiny Wealth Partners LLC boosted its holdings in iShares Exponential Technologies ETF by 0.9% during the fourth quarter. Destiny Wealth Partners LLC now owns 80,624 shares of the company’s stock valued at $4,810,000 after purchasing an additional 708 shares in the last quarter. Crews Bank & Trust bought a new stake in shares of iShares Exponential Technologies ETF in the 4th quarter valued at approximately $202,000. Embree Financial Group acquired a new position in shares of iShares Exponential Technologies ETF in the 4th quarter worth approximately $205,000. Finally, Dynamic Advisor Solutions LLC lifted its position in shares of iShares Exponential Technologies ETF by 0.6% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 162,157 shares of the company’s stock worth $9,674,000 after buying an additional 966 shares during the period.

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.