First Trust Expanded Technology ETF (NYSEARCA:XPND) Trading Up 1.5% – Time to Buy?

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

First Trust Expanded Technology ETF Trading Down 1.4%

The stock has a market cap of $38.89 million, a P/E ratio of 32.72 and a beta of 1.26. The company’s 50 day moving average price is $37.54 and its two-hundred day moving average price is $36.04.

Institutional Investors Weigh In On First Trust Expanded Technology ETF

A number of hedge funds have recently modified their holdings of XPND. IFP Advisors Inc bought a new position in First Trust Expanded Technology ETF in the 3rd quarter worth $38,000. Advisory Services Network LLC purchased a new stake in First Trust Expanded Technology ETF in the third quarter worth about $45,000. Raymond James Financial Inc. bought a new position in shares of First Trust Expanded Technology ETF in the second quarter worth about $71,000. International Assets Investment Management LLC purchased a new position in shares of First Trust Expanded Technology ETF during the 4th quarter valued at about $103,000. Finally, Kestra Advisory Services LLC bought a new position in shares of First Trust Expanded Technology ETF during the 4th quarter valued at 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.