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

iShares Exponential Technologies ETF (NASDAQ:XT) shares saw strong trading volume on Wednesday . 206,638 shares changed hands during trading, an increase of 87% from the previous session’s volume of 110,291 shares.The stock last traded at $62.50 and had previously closed at $61.95.

iShares Exponential Technologies ETF Trading Up 1.0 %

The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 23.27 and a beta of 1.02. The company’s 50 day simple moving average is $60.59 and its 200-day simple moving average is $59.36.

Institutional Trading of iShares Exponential Technologies ETF

Hedge funds have recently made changes to their positions in the stock. Valmark Advisers Inc. boosted its holdings in shares of iShares Exponential Technologies ETF by 13.9% during the second quarter. Valmark Advisers Inc. now owns 55,833 shares of the company’s stock valued at $3,285,000 after acquiring an additional 6,819 shares during the period. Alpha Financial Advisors LLC boosted its holdings in shares of iShares Exponential Technologies ETF by 1.2% during the third quarter. Alpha Financial Advisors LLC now owns 371,483 shares of the company’s stock valued at $22,616,000 after acquiring an additional 4,289 shares during the period. Raymond James & Associates boosted its holdings in shares of iShares Exponential Technologies ETF by 32.9% during the second quarter. Raymond James & Associates now owns 86,641 shares of the company’s stock valued at $5,097,000 after acquiring an additional 21,459 shares during the period. Graypoint LLC bought a new stake in shares of iShares Exponential Technologies ETF during the second quarter valued at about $220,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of iShares Exponential Technologies ETF during the second quarter valued at about $104,000.

iShares Exponential Technologies ETF Company Profile

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.