On Wednesday, the share price of First Trust Expanded Technology ETF (NYSEARCA:XPND) increased by 2.1% during mid-day trading, reaching a high of $27.81 before closing at $27.80. Despite this, the total number of shares traded was down 80% from the average daily volume of 5,081 shares, with a total of 998 shares changing hands.
First Trust Expanded Technology ETF has been performing well in the market, with a market cap of $19.46 million and a PE ratio of 36.48. Its beta is 1.38, indicating that it moves in line with the broader market. The 50-day simple moving average is $26.14 and the 200-day simple moving average is $25.24, suggesting that the stock has been trending upwards recently.
Institutional investors are showing interest in First Trust Expanded Technology ETF, as evidenced by International Assets Investment Management LLC’s recent purchase of a new position in the company. They purchased approximately 4,698 shares of XPND stock for around $110,000 in value.
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