First Trust Expanded Technology ETF (NYSEARCA:XPND) Stock Price Up 0.7%

First Trust Expanded Technology ETF (NYSEARCA:XPND)’s share price rose 0.7% on Thursday . The company traded as high as $28.70 and last traded at $28.65. Approximately 32,431 shares traded hands during mid-day trading, an increase of 534% from the average daily volume of 5,112 shares. The stock had previously closed at $28.46.

First Trust Expanded Technology ETF Price Performance

The company has a market cap of $20.05 million, a price-to-earnings ratio of 36.48 and a beta of 1.38. The business’s fifty day moving average price is $26.97 and its 200 day moving average price is $25.84.

Hedge Funds Weigh In On First Trust Expanded Technology ETF

An institutional investor recently bought a new position in First Trust Expanded Technology ETF stock. International Assets Investment Management LLC purchased a new position in shares of First Trust Expanded Technology ETF (NYSEARCA:XPND) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,698 shares of the company’s stock, valued at approximately $110,000. International Assets Investment Management LLC owned 1.57% of First Trust Expanded Technology ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.