Categories: Technology

First Trust Expanded Technology ETF (XPND) Surges in Share Price, Reaching New High Amid Increased Trading Volume and Institutional Investment

First Trust Expanded Technology ETF (XPND) experienced a 0.7% increase in its share price on Thursday, reaching a high of $28.70 and closing at $28.65. This was a significant increase from the average daily volume of 5,112 shares, with a total of 32,431 shares traded during mid-day trading.

First Trust Expanded Technology ETF has a market capitalization of $20.05 million, with a price-to-earnings ratio of 36.48 and a beta of 1.38. Its fifty-day moving average price is $26.97 and the 200-day moving average price is $25.84.

One institutional investor, International Assets Investment Management LLC, recently purchased a new position in First Trust Expanded Technology ETF stock during the fourth quarter. The company acquired 4,698 shares of the ETF for approximately $110,000, representing 1.57% ownership as of the most recent filing with the Securities and Exchange Commission (SEC).

First Trust Expanded Technology ETF (XPND) is an exchange-traded fund that primarily invests in US stocks based on specific technology themes. The fund actively invests in technology-driven US stocks and was launched on June 14, 2021 by First Trust Management Company LLC. To stay updated on news and ratings for First Trust Expanded Technology ETF, you can sign up to receive MarketBeat’s free daily email newsletter by entering your email address below to receive concise summaries of latest news and analysts’ ratings for related companies and the ETF itself.

Samantha Johnson

As a passionate content writer at newschemical.com, my name is Samantha Johnson. With a background in journalism and a keen eye for storytelling, I craft compelling articles that captivate and inform our readers. From breaking news to in-depth features, I strive to deliver content that is not only engaging but also insightful. With a love for words and a dedication to accuracy, I work diligently to keep our audience informed and engaged with the latest stories and trends. Join me on this journey through the world of news and knowledge at newschemical.com.

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