iShares Exponential Technologies ETF (NASDAQ:XT) Sees Large Volume Increase – Should You Buy?

Shares of iShares Exponential Technologies ETF (NASDAQ:XT) saw strong trading volume on Wednesday . 206,638 shares traded 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 Stock Up 0.8 %

The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 23.27 and a beta of 1.02. The company’s fifty day moving average is $60.67 and its two-hundred day moving average is $59.41.

Hedge Funds Weigh In On iShares Exponential Technologies ETF

Several hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. boosted its position in shares of iShares Exponential Technologies ETF by 7,907.7% during the third quarter. First Horizon Advisors Inc. now owns 1,041 shares of the company’s stock worth $63,000 after purchasing an additional 1,028 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of iShares Exponential Technologies ETF during the second quarter worth about $65,000. Ashton Thomas Private Wealth LLC bought a new position in shares of iShares Exponential Technologies ETF during the 2nd quarter valued at about $104,000. Crestwood Advisors Group LLC bought a new position in shares of iShares Exponential Technologies ETF during the 3rd quarter valued at about $212,000. Finally, Graypoint LLC bought a new stake in iShares Exponential Technologies ETF during the 2nd quarter worth approximately $220,000.

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.