First Trust Expanded Technology ETF (NYSEARCA:XPND) Trading 0.5% Higher – Still a Buy?

First Trust Expanded Technology ETF (NYSEARCA:XPND)’s share price was up 0.5% on Monday . The company traded as high as $35.67 and last traded at $35.48. Approximately 2,740 shares were traded during trading, a decline of 49% from the average daily volume of 5,354 shares. The stock had previously closed at $35.32.

First Trust Expanded Technology ETF Price Performance

The company has a market capitalization of $53.22 million, a P/E ratio of 32.72 and a beta of 1.25. The stock’s fifty day simple moving average is $36.14 and its 200-day simple moving average is $35.74.

First Trust Expanded Technology ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.0127 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.05 dividend on an annualized basis and a yield of 0.1%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of XPND. Ferguson Shapiro LLC acquired a new stake in shares of First Trust Expanded Technology ETF in the fourth quarter worth $17,102,000. Integrated Wealth Concepts LLC raised its stake in First Trust Expanded Technology ETF by 9.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 154,647 shares of the company’s stock valued at $5,612,000 after purchasing an additional 13,381 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in First Trust Expanded Technology ETF by 1.5% in the 2nd quarter. Osaic Holdings Inc. now owns 100,095 shares of the company’s stock valued at $3,371,000 after purchasing an additional 1,463 shares during the period. Clear Creek Financial Management LLC boosted its holdings in First Trust Expanded Technology ETF by 2.9% in the 3rd quarter. Clear Creek Financial Management LLC now owns 14,125 shares of the company’s stock valued at $513,000 after purchasing an additional 400 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in First Trust Expanded Technology ETF by 26.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 11,969 shares of the company’s stock worth $434,000 after purchasing an additional 2,478 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.