First Trust Expanded Technology ETF (NYSEARCA:XPND) Shares Up 1% – What’s Next?

First Trust Expanded Technology ETF (NYSEARCA:XPND)’s stock price rose 1% on Monday . The company traded as high as $29.17 and last traded at $29.17. Approximately 577 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 4,875 shares. The stock had previously closed at $28.89.

First Trust Expanded Technology ETF Price Performance

The firm’s fifty day moving average price is $30.93 and its 200-day moving average price is $30.08. The firm has a market capitalization of $26.25 million, a P/E ratio of 32.74 and a beta of 1.24.

Institutional Trading of First Trust Expanded Technology ETF

Institutional investors have recently modified their holdings of the company. Harvest Investment Services LLC boosted its holdings in First Trust Expanded Technology ETF by 41.9% during the fourth quarter. Harvest Investment Services LLC now owns 39,830 shares of the company’s stock worth $1,211,000 after buying an additional 11,762 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of First Trust Expanded Technology ETF by 6.9% in the 4th quarter. HighTower Advisors LLC now owns 26,474 shares of the company’s stock valued at $805,000 after purchasing an additional 1,705 shares during the period. Bullseye Investment Management LLC acquired a new position in First Trust Expanded Technology ETF in the 4th quarter valued at approximately $746,000. Boyce & Associates Wealth Consulting Inc. increased its stake in shares of First Trust Expanded Technology ETF by 45.2% in the fourth quarter. Boyce & Associates Wealth Consulting Inc. now owns 15,204 shares of the company’s stock worth $462,000 after acquiring an additional 4,736 shares during the last quarter. Finally, Harbour Investments Inc. purchased a new stake in shares of First Trust Expanded Technology ETF during the 4th quarter worth about $56,000.

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.