First Trust Expanded Technology ETF (NYSEARCA:XPND) Trading Down 0.1% – What’s Next?

First Trust Expanded Technology ETF (NYSEARCA:XPND)’s share price fell 0.1% during mid-day trading on Monday . The company traded as low as $30.43 and last traded at $30.44. 4,283 shares traded hands during trading, an increase of 5% from the average session volume of 4,082 shares. The stock had previously closed at $30.47.

First Trust Expanded Technology ETF Stock Down 1.4 %

The firm’s 50 day simple moving average is $29.44 and its 200 day simple moving average is $28.12. The company has a market cap of $21.18 million, a price-to-earnings ratio of 36.48 and a beta of 1.38.

Hedge Funds Weigh In On First Trust Expanded Technology ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XPND. HighTower Advisors LLC bought a new stake in First Trust Expanded Technology ETF during the 3rd quarter valued at $711,000. Boyce & Associates Wealth Consulting Inc. increased its holdings in shares of First Trust Expanded Technology ETF by 14.2% during the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 10,468 shares of the company’s stock valued at $301,000 after purchasing an additional 1,303 shares during the period. Finally, Atomi Financial Group Inc. bought a new stake in shares of First Trust Expanded Technology ETF during the third quarter valued at about $534,000.

About First Trust Expanded Technology ETF

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.