First Trust Expanded Technology ETF (NYSEARCA:XPND) Shares Up 0% – Should You Buy?

Shares of First Trust Expanded Technology ETF (NYSEARCA:XPND) were up 0% on Thursday . The stock traded as high as $30.62 and last traded at $30.59. Approximately 58,628 shares traded hands during mid-day trading, an increase of 36% from the average daily volume of 43,266 shares. The stock had previously closed at $30.58.

First Trust Expanded Technology ETF Stock Up 0.0 %

The company has a market capitalization of $21.41 million, a PE ratio of 36.48 and a beta of 1.38. The stock’s 50 day moving average is $30.65 and its two-hundred day moving average is $28.95.

Hedge Funds Weigh In On First Trust Expanded Technology ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC bought a new stake in shares of First Trust Expanded Technology ETF in the 3rd quarter valued at about $711,000. Atomi Financial Group Inc. purchased a new stake in First Trust Expanded Technology ETF during the third quarter valued at approximately $534,000. Finally, Boyce & Associates Wealth Consulting Inc. boosted its stake in First Trust Expanded Technology ETF by 14.2% in the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 10,468 shares of the company’s stock valued at $301,000 after acquiring an additional 1,303 shares in the last quarter.

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.