First Trust Expanded Technology ETF Experiences Strong Trading Volume Amid Institutional Investment; Analysts Weigh In on Company Outlook

First Trust Expanded Technology ETF (XPND) Stock Price Increased by 0.7% on NYSEARCA

On Thursday, First Trust Expanded Technology ETF (NYSEARCA:XPND) experienced a 0.7% increase in its share price, reaching a high of $28.70 before closing at $28.65. A total of 32,431 shares were traded during mid-day trading, a significant increase from the daily average volume of 5,112 shares.

First Trust Expanded Technology ETF is an exchange-traded fund that invests in US stocks that are technology-driven. The fund is actively managed by First Trust and was launched on June 14, 2021. As of the most recent filing with the Securities and Exchange Commission (SEC), the company had a market capitalization of $20.05 million, a price-to-earnings ratio of 36.48, and a beta of 1.38. Its fifty-day moving average price is $26.97 and its 200-day moving average price is $25.84.

One institutional investor recently purchased a new position in First Trust Expanded Technology ETF stock – International Assets Investment Management LLC bought 4,698 shares during the fourth quarter for approximately $110,000, representing 1.57% ownership of the company as per the most recent filing with the SEC.

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