Franklin Exponential Data ETF (BATS:XDAT) Trading Down 1% – Should You Sell?

Franklin Exponential Data ETF (BATS:XDAT) traded down 1% during mid-day trading on Tuesday . The company traded as low as $25.87 and last traded at $25.6390. 156 shares were traded during mid-day trading, a decline of 89% from the average session volume of 1,369 shares. The stock had previously closed at $25.9047.

Franklin Exponential Data ETF Stock Performance

The stock’s fifty day simple moving average is $26.18 and its two-hundred day simple moving average is $26.87. The stock has a market capitalization of $3.85 million, a P/E ratio of 45.15 and a beta of 1.11.

Institutional Trading of Franklin Exponential Data ETF

A hedge fund recently raised its stake in Franklin Exponential Data ETF stock. Truist Financial Corp lifted its holdings in shares of Franklin Exponential Data ETF (BATS:XDAT) by 10.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,737 shares of the company’s stock after buying an additional 2,795 shares during the quarter. Truist Financial Corp owned about 19.16% of Franklin Exponential Data ETF worth $805,000 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.