First Trust Expanded Technology ETF (NYSEARCA:XPND) Trading Down 2.6%

First Trust Expanded Technology ETF (NYSEARCA:XPND)’s stock price fell 2.6% during trading on Friday . The stock traded as low as $25.80 and last traded at $25.99. 1,798 shares traded hands during trading, a decline of 63% from the average session volume of 4,861 shares. The stock had previously closed at $26.68.

First Trust Expanded Technology ETF Price Performance

The firm’s 50 day moving average is $27.63 and its 200 day moving average is $26.49. The firm has a market cap of $18.20 million, a P/E ratio of 36.48 and a beta of 1.38.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in First Trust Expanded Technology ETF stock. International Assets Investment Management LLC purchased a new position in First Trust Expanded Technology ETF (NYSEARCA:XPND) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,698 shares of the company’s stock, valued at approximately $110,000. International Assets Investment Management LLC owned 1.57% of First Trust Expanded Technology ETF at the end of the most recent reporting period.

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.