First Trust Expanded Technology ETF (NYSEARCA:XPND) Shares Up 0% – Here’s What Happened

First Trust Expanded Technology ETF (NYSEARCA:XPND)’s stock price shot up 0% during mid-day trading on Thursday . The stock traded as high as $30.62 and last traded at $30.59. 58,628 shares changed hands during trading, an increase of 36% from the average session volume of 43,266 shares. The stock had previously closed at $30.58.

First Trust Expanded Technology ETF Stock Up 0.0 %

The company has a market capitalization of $21.41 million, a PE ratio of 36.48 and a beta of 1.38. The business has a 50 day simple moving average of $30.65 and a 200 day simple moving average of $28.95.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Boyce & Associates Wealth Consulting Inc. grew its holdings in shares of First Trust Expanded Technology ETF by 14.2% during the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 10,468 shares of the company’s stock valued at $301,000 after buying an additional 1,303 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in First Trust Expanded Technology ETF during the 3rd quarter worth about $534,000. Finally, HighTower Advisors LLC purchased a new stake in First Trust Expanded Technology ETF during the 3rd quarter valued at about $711,000.

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.