Franklin Exponential Data ETF (BATS:XDAT) Trading Down 1.9% – Here’s What Happened

Franklin Exponential Data ETF (BATS:XDAT)’s share price was down 1.9% on Wednesday . The stock traded as low as $24.38 and last traded at $24.38. Approximately 7 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 706 shares. The stock had previously closed at $24.85.

Franklin Exponential Data ETF Price Performance

The business has a fifty day moving average of $23.78 and a 200-day moving average of $23.73. The stock has a market capitalization of $3.67 million, a price-to-earnings ratio of 45.15 and a beta of 1.11.

Hedge Funds Weigh In On Franklin Exponential Data ETF

An institutional investor recently raised its position in Franklin Exponential Data ETF stock. Truist Financial Corp boosted its holdings in shares of Franklin Exponential Data ETF (BATS:XDAT) by 8.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,303 shares of the company’s stock after purchasing an additional 2,566 shares during the period. Truist Financial Corp owned approximately 20.87% of Franklin Exponential Data ETF worth $809,000 at the end of the most recent quarter.

About Franklin Exponential Data ETF

The Franklin Exponential Data ETF (XDAT) is an exchange-traded fund that mostly invests in information technology equity. The fund is actively-managed to invest in global companies believed to benefit from or facilitate Big Data and its applications such as AI, augmented and virtual reality, software-as-a-service, and personalized advertising and healthcare. XDAT was launched on Jan 12, 2021 and is managed by Franklin Templeton.