First Trust Expanded Technology ETF (NYSEARCA:XPND – Get Rating)’s stock price dropped 1.6% during mid-day trading on Wednesday . The company traded as low as $20.31 and last traded at $20.31. Approximately 586 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 9,519 shares. The stock had previously closed at $20.65.
First Trust Expanded Technology ETF Stock Down 1.6 %
The firm has a market cap of $6.09 million, a price-to-earnings ratio of 23.96 and a beta of 1.29. The stock has a fifty day moving average price of $18.94 and a 200-day moving average price of $17.84.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. UBS Group AG acquired a new position in shares of First Trust Expanded Technology ETF in the fourth quarter valued at approximately $64,000. Susquehanna International Group LLP purchased a new stake in shares of First Trust Expanded Technology ETF in the first quarter valued at approximately $348,000. NewEdge Advisors LLC purchased a new stake in shares of First Trust Expanded Technology ETF in the second quarter valued at approximately $374,000. Goldman Sachs Group Inc. purchased a new stake in shares of First Trust Expanded Technology ETF in the second quarter valued at approximately $374,000. Finally, Citadel Advisors LLC boosted its stake in shares of First Trust Expanded Technology ETF by 46.2% in the third quarter. Citadel Advisors LLC now owns 40,281 shares of the company’s stock valued at $602,000 after buying an additional 12,724 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.
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