First Trust Expanded Technology ETF (NYSEARCA:XPND) Trading Up 1.7% – Here’s Why

First Trust Expanded Technology ETF (NYSEARCA:XPND) was up 1.7% on Tuesday . The company traded as high as $32.76 and last traded at $32.75. Approximately 8,058 shares were traded during mid-day trading, an increase of 30% from the average daily volume of 6,216 shares. The stock had previously closed at $32.21.

First Trust Expanded Technology ETF Stock Performance

The stock’s fifty day simple moving average is $30.47 and its two-hundred day simple moving average is $30.27. The company has a market capitalization of $26.20 million, a price-to-earnings ratio of 32.72 and a beta of 1.24.

Institutional Trading of First Trust Expanded Technology ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in XPND. Integrated Wealth Concepts LLC bought a new stake in First Trust Expanded Technology ETF during the first quarter worth approximately $4,279,000. Nations Financial Group Inc. IA ADV acquired a new stake in shares of First Trust Expanded Technology ETF during the 1st quarter valued at $963,000. HighTower Advisors LLC boosted its stake in shares of First Trust Expanded Technology ETF by 13.7% during the 1st quarter. HighTower Advisors LLC now owns 30,110 shares of the company’s stock worth $850,000 after acquiring an additional 3,636 shares in the last quarter. AE Wealth Management LLC boosted its stake in shares of First Trust Expanded Technology ETF by 170.5% during the 1st quarter. AE Wealth Management LLC now owns 1,975 shares of the company’s stock worth $56,000 after acquiring an additional 1,245 shares in the last quarter. Finally, Boyce & Associates Wealth Consulting Inc. grew its holdings in shares of First Trust Expanded Technology ETF by 14.8% in the 1st quarter. Boyce & Associates Wealth Consulting Inc. now owns 17,447 shares of the company’s stock worth $493,000 after acquiring an additional 2,243 shares during 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.