First Trust Expanded Technology ETF (NYSEARCA:XPND) Stock Price Up 1.5% – Here’s Why

First Trust Expanded Technology ETF (NYSEARCA:XPND)’s stock price was up 1.5% during trading on Monday . The stock traded as high as $40.47 and last traded at $40.07. Approximately 2,875 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 9,390 shares. The stock had previously closed at $39.46.

First Trust Expanded Technology ETF Stock Performance

The stock has a market cap of $40.07 million, a PE ratio of 32.72 and a beta of 1.26. The company’s 50 day simple moving average is $37.39 and its 200 day simple moving average is $36.01.

Institutional Investors Weigh In On First Trust Expanded Technology ETF

Large investors have recently modified their holdings of the stock. IFP Advisors Inc purchased a new stake in shares of First Trust Expanded Technology ETF during the 3rd quarter worth approximately $38,000. Advisory Services Network LLC purchased a new stake in shares of First Trust Expanded Technology ETF during the 3rd quarter worth approximately $45,000. Raymond James Financial Inc. purchased a new stake in shares of First Trust Expanded Technology ETF during the 2nd quarter worth approximately $71,000. International Assets Investment Management LLC purchased a new stake in shares of First Trust Expanded Technology ETF during the 4th quarter worth approximately $103,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of First Trust Expanded Technology ETF during the 4th quarter worth approximately $147,000.

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.