First Trust Expanded Technology ETF (NYSEARCA:XPND) Stock Price Down 2.6% – Should You Sell?

Posted by Renee Jackson on Feb 23rd, 2025

First Trust Expanded Technology ETF (NYSEARCA:XPND – Get Free Report) dropped 2.6% during mid-day trading on Friday . The stock traded as low as $31.54 and last traded at $31.54. Approximately 3,900 shares were traded during trading, a decline of 66% from the average daily volume of 11,394 shares. The stock had previously closed at $32.37.

First Trust Expanded Technology ETF Trading Down 2.6 %

The company has a fifty day simple moving average of $31.32 and a 200-day simple moving average of $29.81. The stock has a market cap of $22.08 million, a price-to-earnings ratio of 36.48 and a beta of 1.38.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Harvest Investment Services LLC raised 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 buying an additional 11,762 shares during the period. Bullseye Investment Management LLC acquired a new position in First Trust Expanded Technology ETF during the fourth quarter valued at $746,000. Harbour Investments Inc. acquired a new position in First Trust Expanded Technology ETF during the fourth quarter valued at $56,000. HighTower Advisors LLC increased its stake in shares of First Trust Expanded Technology ETF by 6.9% in the fourth quarter. HighTower Advisors LLC now owns 26,474 shares of the company’s stock worth $805,000 after acquiring an additional 1,705 shares during the last quarter. Finally, Boyce & Associates Wealth Consulting Inc. increased its stake in shares of 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 worth $462,000 after acquiring an additional 4,736 shares during the last quarter.

First Trust Expanded Technology ETF Company Profile

(Get Free Report)

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.