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

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

First Trust Expanded Technology ETF Stock Performance

The company has a market cap of $20.95 million, a P/E ratio of 36.48 and a beta of 1.38. The stock has a 50-day simple moving average of $30.67 and a 200 day simple moving average of $28.97.

Hedge Funds Weigh In On First Trust Expanded Technology ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC bought a new stake in shares of First Trust Expanded Technology ETF during the third quarter valued at approximately $711,000. Atomi Financial Group Inc. acquired a new position in First Trust Expanded Technology ETF during the 3rd quarter worth $534,000. Finally, Boyce & Associates Wealth Consulting Inc. boosted its position in First Trust Expanded Technology ETF by 14.2% in the 3rd quarter. Boyce & Associates Wealth Consulting Inc. now owns 10,468 shares of the company’s stock valued at $301,000 after buying an additional 1,303 shares during 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.