First Trust Expanded Technology ETF (NYSEARCA:XPND) Trading Up 0.6% – Time to Buy?

Shares of First Trust Expanded Technology ETF (NYSEARCA:XPND) shot up 0.6% during mid-day trading on Friday . The company traded as high as $39.18 and last traded at $39.17. Approximately 17,059 shares were traded during trading, an increase of 118% from the average daily volume of 7,840 shares. The stock had previously closed at $38.94.

First Trust Expanded Technology ETF Price Performance

The firm has a market capitalization of $39.17 million, a P/E ratio of 32.72 and a beta of 1.27. The company’s 50 day moving average price is $39.56 and its 200 day moving average price is $37.33.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. IFP Advisors Inc bought a new stake in shares of First Trust Expanded Technology ETF during the third quarter worth approximately $38,000. Advisory Services Network LLC bought a new stake in shares of First Trust Expanded Technology ETF during the 3rd quarter valued at $45,000. Raymond James Financial Inc. acquired a new position in shares of First Trust Expanded Technology ETF in the 2nd quarter valued at $71,000. International Assets Investment Management LLC acquired a new position in shares of First Trust Expanded Technology ETF in the 4th quarter valued at $103,000. Finally, Kestra Advisory Services LLC bought a new position in shares of First Trust Expanded Technology ETF in the 4th quarter worth $147,000.

First Trust Expanded Technology ETF Company Profile

The First Trust Expanded Technology ETF (XPND) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in US stocks whose businesses are derived from or dependent on technology. XPND was launched on Jun 14, 2021 and is managed by First Trust.