First Trust Expanded Technology ETF (NYSEARCA:XPND) Stock Price Up 0% – Here’s What Happened

First Trust Expanded Technology ETF (NYSEARCA:XPND) shares were up 0% during mid-day trading on Thursday . The company traded as high as $30.62 and last traded at $30.59. Approximately 58,628 shares changed hands during 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 Price Performance

The stock has a market capitalization of $20.95 million, a P/E ratio of 36.48 and a beta of 1.38. The stock’s fifty day moving average price is $30.67 and its 200 day moving average price is $28.97.

Institutional Trading of First Trust Expanded Technology ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Atomi Financial Group Inc. acquired a new position in First Trust Expanded Technology ETF during the 3rd quarter valued at about $534,000. Boyce & Associates Wealth Consulting Inc. grew its stake in shares of First Trust Expanded Technology ETF by 14.2% during the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 10,468 shares of the company’s stock worth $301,000 after acquiring an additional 1,303 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of First Trust Expanded Technology ETF during the third quarter valued at about $711,000.

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.