Franklin Exponential Data ETF (BATS:XDAT) Shares Down 12.4% – Here’s Why

Franklin Exponential Data ETF (BATS:XDAT)’s share price fell 12.4% during mid-day trading on Tuesday . The company traded as low as $27.52 and last traded at $24.17. 1,655 shares traded hands during trading, a decline of 11% from the average session volume of 1,851 shares. The stock had previously closed at $27.59.

Franklin Exponential Data ETF Price Performance

The firm has a fifty day simple moving average of $25.53 and a 200 day simple moving average of $25.28. The company has a market cap of $4.68 million, a price-to-earnings ratio of 36.24 and a beta of 1.07.

Institutional Investors Weigh In On Franklin Exponential Data ETF

An institutional investor recently raised its position in Franklin Exponential Data ETF stock. Truist Financial Corp boosted its holdings in shares of Franklin Exponential Data ETF (BATS:XDAT) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,562 shares of the company’s stock after purchasing an additional 684 shares during the quarter. Truist Financial Corp owned about 7.19% of Franklin Exponential Data ETF worth $547,000 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.