First Trust Expanded Technology ETF (NYSEARCA:XPND) Trading Up 0.7% – Should You Buy?

First Trust Expanded Technology ETF (NYSEARCA:XPND) shares shot up 0.7% during mid-day trading on Friday . The stock traded as high as $29.12 and last traded at $28.98. 5,492 shares changed hands during trading, an increase of 34% from the average session volume of 4,101 shares. The stock had previously closed at $28.79.

First Trust Expanded Technology ETF Stock Up 0.7 %

The firm has a market cap of $20.29 million, a PE ratio of 36.48 and a beta of 1.38. The firm’s 50 day moving average is $28.50 and its 200-day moving average is $27.51.

Hedge Funds Weigh In On First Trust Expanded Technology ETF

A number of hedge funds have recently made changes to their positions in the stock. Boyce & Associates Wealth Consulting Inc. boosted its holdings in shares of First Trust Expanded Technology ETF by 14.2% in the 3rd quarter. Boyce & Associates Wealth Consulting Inc. now owns 10,468 shares of the company’s stock valued at $301,000 after purchasing an additional 1,303 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of First Trust Expanded Technology ETF in the 1st quarter valued at $204,000. Finally, Atomi Financial Group Inc. acquired a new position in shares of First Trust Expanded Technology ETF in the 3rd quarter valued at $534,000.

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.