First Trust Expanded Technology ETF (NYSEARCA:XPND) Trading Up 0.5% – Here’s Why

First Trust Expanded Technology ETF (NYSEARCA:XPND)’s stock price shot up 0.5% on Monday . The stock traded as high as $35.67 and last traded at $35.48. 2,740 shares were traded during trading, a decline of 49% from the average session volume of 5,354 shares. The stock had previously closed at $35.32.

First Trust Expanded Technology ETF Trading Up 0.5%

The firm’s 50 day moving average price is $36.14 and its 200-day moving average price is $35.74. The company has a market cap of $53.22 million, a P/E ratio of 32.72 and a beta of 1.25.

First Trust Expanded Technology ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.0127 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.05 dividend on an annualized basis and a yield of 0.1%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in XPND. IFP Advisors Inc bought a new position in shares of First Trust Expanded Technology ETF in the 3rd quarter worth $38,000. Advisory Services Network LLC acquired a new position in First Trust Expanded Technology ETF in the third quarter valued at about $45,000. Raymond James Financial Inc. acquired a new position in First Trust Expanded Technology ETF in the second quarter valued at about $71,000. Newbridge Financial Services Group Inc. bought a new position in First Trust Expanded Technology ETF during the second quarter worth about $117,000. Finally, Geneos Wealth Management Inc. grew its position in shares of First Trust Expanded Technology ETF by 51.3% during the 3rd quarter. Geneos Wealth Management Inc. now owns 4,884 shares of the company’s stock worth $177,000 after buying an additional 1,656 shares during the period.

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.