First Trust Expanded Technology ETF (NYSEARCA:XPND) Stock Price Down 2.6% – Time to Sell?

Shares of First Trust Expanded Technology ETF (NYSEARCA:XPND) fell 2.6% during trading on Friday . The company traded as low as $31.54 and last traded at $31.54. 3,900 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 11,394 shares. The stock had previously closed at $32.37.

First Trust Expanded Technology ETF Stock Performance

The company’s fifty day moving average is $31.32 and its two-hundred day moving average is $29.81. The firm has a market cap of $22.08 million, a price-to-earnings ratio of 36.48 and a beta of 1.38.

Institutional Investors Weigh In On First Trust Expanded Technology ETF

Several institutional investors and hedge funds have recently modified their holdings of XPND. Harbour Investments Inc. purchased a new stake in shares of First Trust Expanded Technology ETF in the fourth quarter worth about $56,000. Boyce & Associates Wealth Consulting Inc. boosted its position in shares of First Trust Expanded Technology ETF by 45.2% in the fourth quarter. Boyce & Associates Wealth Consulting Inc. now owns 15,204 shares of the company’s stock worth $462,000 after buying an additional 4,736 shares during the period. HighTower Advisors LLC purchased a new stake in shares of First Trust Expanded Technology ETF in the third quarter worth about $711,000. Bullseye Investment Management LLC purchased a new stake in shares of First Trust Expanded Technology ETF in the fourth quarter worth about $746,000. Finally, Harvest Investment Services LLC boosted its position in shares of First Trust Expanded Technology ETF by 41.9% in the fourth quarter. Harvest Investment Services LLC now owns 39,830 shares of the company’s stock worth $1,211,000 after buying an additional 11,762 shares during the period.

First Trust Expanded Technology ETF Company Profile

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.