Franklin Exponential Data ETF (BATS:XDAT) Shares Down 5.7% – Time to Sell?

Franklin Exponential Data ETF (BATS:XDAT) shares fell 5.7% during trading on Friday . The stock traded as low as $27.52 and last traded at $26.01. 1,655 shares changed hands during mid-day trading, The stock had previously closed at $27.59.

Franklin Exponential Data ETF Trading Down 5.7 %

The company’s fifty day moving average is $26.40 and its 200 day moving average is $25.04. The company has a market capitalization of $7.80 million, a P/E ratio of 52.87 and a beta of 1.38.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Franklin Exponential Data ETF stock. Truist Financial Corp increased its holdings in Franklin Exponential Data ETF (BATS:XDAT) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,562 shares of the company’s stock after buying an additional 684 shares during the period. Truist Financial Corp owned 7.19% of Franklin Exponential Data ETF worth $547,000 as of its most recent SEC filing.

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.