First Trust Expanded Technology ETF (NYSEARCA:XPND – Get Free Report) shares traded down 0.8% during mid-day trading on Wednesday . The company traded as low as $38.51 and last traded at $38.53. 823 shares changed hands during trading, a decline of 90% from the average daily volume of 8,469 shares. The stock had previously closed at $38.86.
First Trust Expanded Technology ETF Stock Down 1.0%
The stock has a 50 day moving average of $39.98 and a 200 day moving average of $36.88. The company has a market capitalization of $37.58 million, a price-to-earnings ratio of 32.72 and a beta of 1.26.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Ferguson Shapiro LLC raised its stake in First Trust Expanded Technology ETF by 12.0% during the first quarter. Ferguson Shapiro LLC now owns 530,624 shares of the company’s stock worth $17,418,000 after buying an additional 56,962 shares during the last quarter. Cetera Investment Advisers bought a new stake in First Trust Expanded Technology ETF during the fourth quarter valued at $241,000. Kestra Advisory Services LLC acquired a new stake in First Trust Expanded Technology ETF during the 4th quarter worth about $147,000. Arkadios Wealth Advisors grew its holdings in First Trust Expanded Technology ETF by 3.9% during the 4th quarter. Arkadios Wealth Advisors now owns 9,721 shares of the company’s stock worth $351,000 after acquiring an additional 368 shares during the period. Finally, IFP Advisors Inc acquired a new stake in First Trust Expanded Technology ETF during the 3rd quarter worth about $38,000.
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.
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