iShares Exponential Technologies ETF (NASDAQ:XT) Sets New 52-Week High – Here’s What Happened

iShares Exponential Technologies ETF (NASDAQ:XT) reached a new 52-week high during trading on Friday . The company traded as high as $81.15 and last traded at $80.87, with a volume of 8450 shares traded. The stock had previously closed at $80.04.

iShares Exponential Technologies ETF Stock Performance

The firm has a market capitalization of $4.09 billion, a P/E ratio of 26.41 and a beta of 1.12. The stock has a 50-day moving average of $73.14 and a 200 day moving average of $72.62.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of XT. Morgan Stanley lifted its holdings in iShares Exponential Technologies ETF by 523.0% during the 4th quarter. Morgan Stanley now owns 1,512,452 shares of the company’s stock worth $105,478,000 after buying an additional 1,269,670 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in iShares Exponential Technologies ETF by 5,379.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,257,785 shares of the company’s stock worth $87,718,000 after buying an additional 1,234,832 shares in the last quarter. Orion Porfolio Solutions LLC lifted its holdings in iShares Exponential Technologies ETF by 683.4% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 824,495 shares of the company’s stock worth $53,798,000 after buying an additional 719,245 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in iShares Exponential Technologies ETF by 143.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 641,593 shares of the company’s stock worth $41,912,000 after buying an additional 378,264 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in iShares Exponential Technologies ETF by 946.8% during the 1st quarter. Jane Street Group LLC now owns 160,177 shares of the company’s stock worth $9,220,000 after buying an additional 144,876 shares in 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. XT was launched on Mar 19, 2015 and is managed by BlackRock.