First Trust Expanded Technology ETF (NYSEARCA:XPND) Stock Price Up 0.6% – Time to Buy?

First Trust Expanded Technology ETF (NYSEARCA:XPND)’s stock price rose 0.6% on Friday . The company traded as high as $39.18 and last traded at $39.17. Approximately 17,059 shares were traded during trading, an increase of 118% from the average session volume of 7,840 shares. The stock had previously closed at $38.94.

First Trust Expanded Technology ETF Stock Up 0.6%

The stock has a market cap of $39.17 million, a P/E ratio of 32.72 and a beta of 1.27. The firm’s fifty day moving average price is $39.56 and its 200-day moving average price is $37.33.

Institutional Investors Weigh In On First Trust Expanded Technology ETF

Large investors have recently added to or reduced their stakes in the company. IFP Advisors Inc purchased a new position in shares of First Trust Expanded Technology ETF in the third quarter valued at about $38,000. Advisory Services Network LLC purchased a new stake in shares of First Trust Expanded Technology ETF during the third quarter worth about $45,000. Raymond James Financial Inc. bought a new stake in shares of First Trust Expanded Technology ETF in the second quarter worth about $71,000. International Assets Investment Management LLC bought a new stake in shares of First Trust Expanded Technology ETF in the fourth quarter worth about $103,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of First Trust Expanded Technology ETF in the fourth quarter worth about $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.