First Trust Expanded Technology ETF (NYSEARCA:XPND) Trading Down 0.8% – What’s Next?

First Trust Expanded Technology ETF (NYSEARCA:XPND)’s share price was down 0.8% on Wednesday . The stock traded as low as $38.51 and last traded at $38.53. Approximately 823 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 8,469 shares. The stock had previously closed at $38.86.

First Trust Expanded Technology ETF Stock Down 0.8%

The stock’s 50-day simple moving average is $40.00 and its two-hundred day simple moving average is $36.87. The company has a market capitalization of $38.53 million, a price-to-earnings ratio of 32.72 and a beta of 1.26.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. IFP Advisors Inc acquired a new stake in First Trust Expanded Technology ETF in the 3rd quarter worth about $38,000. Advisory Services Network LLC acquired a new position in shares of First Trust Expanded Technology ETF during the third quarter valued at approximately $45,000. Raymond James Financial Inc. acquired a new position in shares of First Trust Expanded Technology ETF during the second quarter valued at approximately $71,000. International Assets Investment Management LLC acquired a new position in shares of First Trust Expanded Technology ETF during the fourth quarter valued at approximately $103,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of First Trust Expanded Technology ETF in the fourth quarter valued at approximately $147,000.

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.