First Trust Expanded Technology ETF (NYSEARCA:XPND) Stock Price Down 2.4% – What’s Next?

First Trust Expanded Technology ETF (NYSEARCA:XPND)’s stock price was down 2.4% during mid-day trading on Monday . The company traded as low as $25.59 and last traded at $26.07. Approximately 18,391 shares were traded during mid-day trading, an increase of 213% from the average daily volume of 5,877 shares. The stock had previously closed at $26.71.

First Trust Expanded Technology ETF Stock Down 2.4 %

The company has a market capitalization of $20.86 million, a P/E ratio of 29.25 and a beta of 1.24. The firm has a fifty day simple moving average of $28.95 and a 200-day simple moving average of $29.99.

Hedge Funds Weigh In On First Trust Expanded Technology ETF

A number of large investors have recently added to or reduced their stakes in the company. Bullseye Investment Management LLC bought a new stake in First Trust Expanded Technology ETF during the 4th quarter worth about $746,000. Harvest Investment Services LLC increased its position in shares of First Trust Expanded Technology ETF by 41.9% in 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. raised its holdings in First Trust Expanded Technology ETF by 45.2% during 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 in the last quarter. Harbour Investments Inc. acquired a new position in First Trust Expanded Technology ETF during the fourth quarter valued at approximately $56,000. Finally, HighTower Advisors LLC grew its stake in 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 valued at $805,000 after purchasing an additional 1,705 shares in the last quarter.

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.