First Trust Expanded Technology ETF (NYSEARCA:XPND) Shares Climb 1.3% – Time to Buy?

First Trust Expanded Technology ETF (NYSEARCA:XPND)’s stock price shot up 1.3% on Monday. The stock traded as high as $38.92 and last traded at $38.66. 3,185 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 7,050 shares. The stock had previously closed at $38.16.

First Trust Expanded Technology ETF Stock Up 0.9%

The stock has a market cap of $38.85 million, a P/E ratio of 32.72 and a beta of 1.26. The stock has a fifty day simple moving average of $39.52 and a 200-day simple moving average of $38.98.

Institutional Trading of First Trust Expanded Technology ETF

Hedge funds have recently modified their holdings of the company. Bullseye Investment Management LLC acquired a new position in shares of First Trust Expanded Technology ETF in the 2nd quarter valued at $759,000. Ferguson Shapiro LLC raised its stake in First Trust Expanded Technology ETF by 12.0% during the 1st quarter. Ferguson Shapiro LLC now owns 530,624 shares of the company’s stock worth $17,418,000 after buying an additional 56,962 shares during the period. Envestnet Asset Management Inc. raised its stake in First Trust Expanded Technology ETF by 2.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,407 shares of the company’s stock worth $561,000 after buying an additional 263 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in First Trust Expanded Technology ETF during the 2nd quarter worth $245,000. Finally, Citadel Advisors LLC lifted its holdings in First Trust Expanded Technology ETF by 51.5% during the second quarter. Citadel Advisors LLC now owns 23,441 shares of the company’s stock worth $981,000 after acquiring an additional 7,965 shares in the last quarter.

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.