Categories: Technology

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

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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Samantha Johnson

As a dedicated content writer at newseeped.com, I thrive on transforming ideas into captivating narratives that engage and inform our readers. With a passion for storytelling and a keen eye for detail, I craft articles that resonate with our audience and help amplify our platform's impact. My background in journalism and creative writing allows me to blend authenticity with flair, ensuring each piece I produce is not only informative but also compelling. I am honored to be part of a team that values quality content and am excited to continue contributing to our mission of delivering top-notch news coverage to our readers.

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