iShares Exponential Technologies ETF (NASDAQ:XT) Sets New 1-Year High – Here’s Why

iShares Exponential Technologies ETF (NASDAQ:XT) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $66.68 and last traded at $66.64, with a volume of 7942 shares. The stock had previously closed at $66.31.

iShares Exponential Technologies ETF Trading Up 0.2%

The firm has a fifty day simple moving average of $63.52 and a two-hundred day simple moving average of $60.80. The stock has a market cap of $3.45 billion, a PE ratio of 26.41 and a beta of 1.02.

iShares Exponential Technologies ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 16th were given a dividend of $0.209 per share. This is a positive change from iShares Exponential Technologies ETF’s previous dividend of $0.01. The ex-dividend date was Monday, June 16th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in XT. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of iShares Exponential Technologies ETF in the 1st quarter worth $33,000. Tsfg LLC grew its holdings in shares of iShares Exponential Technologies ETF by 33,600.0% in the first quarter. Tsfg LLC now owns 674 shares of the company’s stock worth $39,000 after acquiring an additional 672 shares during the period. Park Square Financial Group LLC bought a new stake in shares of iShares Exponential Technologies ETF in the fourth quarter worth $42,000. Arlington Trust Co LLC bought a new stake in shares of iShares Exponential Technologies ETF in the first quarter worth $58,000. Finally, CoreCap Advisors LLC grew its holdings in shares of iShares Exponential Technologies ETF by 41.7% in the fourth quarter. CoreCap Advisors LLC now owns 1,009 shares of the company’s stock worth $60,000 after acquiring an additional 297 shares during the period.

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.