First Trust Expanded Technology ETF (NYSEARCA:XPND) Shares Up 1% – Still a Buy?

Shares of First Trust Expanded Technology ETF (NYSEARCA:XPND) were up 1% on Monday . The stock traded as high as $29.17 and last traded at $29.17. Approximately 577 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 4,875 shares. The stock had previously closed at $28.89.

First Trust Expanded Technology ETF Trading Up 1.0 %

The firm has a market cap of $26.25 million, a P/E ratio of 32.74 and a beta of 1.24. The business has a 50-day moving average price of $30.93 and a 200-day moving average price of $30.08.

Hedge Funds Weigh In On First Trust Expanded Technology ETF

Several institutional investors have recently bought and sold shares of XPND. HighTower Advisors LLC purchased a new stake in shares of First Trust Expanded Technology ETF during the third quarter valued at about $711,000. Bullseye Investment Management LLC purchased a new stake in First Trust Expanded Technology ETF during the fourth quarter valued at approximately $746,000. Harvest Investment Services LLC lifted its position in First Trust Expanded Technology ETF by 41.9% during the fourth quarter. Harvest Investment Services LLC now owns 39,830 shares of the company’s stock valued at $1,211,000 after acquiring an additional 11,762 shares during the last quarter. Boyce & Associates Wealth Consulting Inc. boosted its stake in First Trust Expanded Technology ETF by 45.2% in the fourth quarter. Boyce & Associates Wealth Consulting Inc. now owns 15,204 shares of the company’s stock valued at $462,000 after acquiring an additional 4,736 shares in the last quarter. Finally, Harbour Investments Inc. purchased a new position in First Trust Expanded Technology ETF in the fourth quarter worth $56,000.

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.