Franklin Exponential Data ETF (BATS:XDAT) Stock Price Down 2.9% – Time to Sell?

Franklin Exponential Data ETF (BATS:XDAT)’s share price traded down 2.9% during mid-day trading on Thursday . The stock traded as low as $20.97 and last traded at $21.05. 721 shares changed hands during trading, a decline of 4% from the average session volume of 748 shares. The stock had previously closed at $21.68.

Franklin Exponential Data ETF Stock Performance

The company has a market capitalization of $3.16 million, a PE ratio of 45.15 and a beta of 1.11. The company’s 50-day simple moving average is $21.83 and its 200-day simple moving average is $24.93.

Institutional Inflows and Outflows

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

Franklin Exponential Data ETF Company Profile

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.