First Trust Expanded Technology ETF (NYSEARCA:XPND) Stock Price Up 0.6% – What’s Next?

First Trust Expanded Technology ETF (NYSEARCA:XPND)’s stock price traded up 0.6% on Friday . The stock traded as high as $39.18 and last traded at $39.17. 17,059 shares changed hands during mid-day trading, an increase of 118% from the average session volume of 7,840 shares. The stock had previously closed at $38.94.

First Trust Expanded Technology ETF Stock Up 0.6%

The stock has a market cap of $39.17 million, a P/E ratio of 32.72 and a beta of 1.27. The stock has a fifty day simple moving average of $39.56 and a 200-day simple moving average of $37.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in First Trust Expanded Technology ETF during the second quarter valued at approximately $71,000. Envestnet Asset Management Inc. raised its holdings in First Trust Expanded Technology ETF by 26.1% in the third quarter. Envestnet Asset Management Inc. now owns 11,969 shares of the company’s stock worth $434,000 after purchasing an additional 2,478 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of First Trust Expanded Technology ETF by 9.5% during the third quarter. Integrated Wealth Concepts LLC now owns 154,647 shares of the company’s stock worth $5,612,000 after purchasing an additional 13,381 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in shares of First Trust Expanded Technology ETF by 6.8% during the third quarter. Kestra Private Wealth Services LLC now owns 8,562 shares of the company’s stock worth $311,000 after purchasing an additional 545 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of First Trust Expanded Technology ETF in the 3rd quarter valued at $45,000.

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.