iShares Exponential Technologies ETF (NASDAQ:XT) Sees Strong Trading Volume – Here’s Why

Shares of iShares Exponential Technologies ETF (NASDAQ:XT) saw strong trading volume on Thursday . 162,670 shares were traded during mid-day trading, a decline of 2% from the previous session’s volume of 166,296 shares.The stock last traded at $62.23 and had previously closed at $61.79.

iShares Exponential Technologies ETF Stock Up 1.3 %

The company’s 50-day simple moving average is $61.14 and its 200 day simple moving average is $59.93. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 23.27 and a beta of 1.02.

iShares Exponential Technologies ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 30th were given a dividend of $0.0094 per share. The ex-dividend date was Monday, December 30th.

Hedge Funds Weigh In On iShares Exponential Technologies ETF

Several large investors have recently bought and sold shares of XT. Finley Financial LLC bought a new position in shares of iShares Exponential Technologies ETF during the 4th quarter worth about $30,000. First Horizon Advisors Inc. boosted its holdings in shares of iShares Exponential Technologies ETF by 7,907.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,041 shares of the company’s stock worth $63,000 after acquiring an additional 1,028 shares in the last quarter. West Oak Capital LLC grew its position in iShares Exponential Technologies ETF by 260.3% during the 4th quarter. West Oak Capital LLC now owns 1,081 shares of the company’s stock worth $64,000 after acquiring an additional 781 shares during the last quarter. Financial Life Planners bought a new position in iShares Exponential Technologies ETF in the 4th quarter valued at $164,000. Finally, Crews Bank & Trust acquired a new position in iShares Exponential Technologies ETF in the fourth quarter worth $202,000.

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.