Categories: Technology

First Trust Expanded Technology ETF Surges 0.7% in Trading Activity on Thursday, Attracting Institutional Investor

On Thursday, the share price of First Trust Expanded Technology ETF (NYSEARCA:XPND) increased by 0.7%, reaching a high of $28.70 and closing at $28.65. The stock saw significant trading activity during mid-day, with 32,431 shares exchanged – far surpassing its average daily volume of 5,112 shares.

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

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

First Trust Expanded Technology ETF (XPND) is an exchange-traded fund that invests primarily in technology stocks based on specific themes

Samantha Johnson

As a content writer for newseaside.com, I craft engaging narratives and informative articles on a diverse range of topics. With a keen eye for detail and a passion for storytelling, I strive to create content that resonates with our readers and keeps them informed. From breaking news stories to in-depth features, I aim to deliver accurate, compelling, and thought-provoking content that captivates our audience. In my free time, you can find me exploring new writing techniques, sipping on a cup of coffee, or enjoying a good book by the seaside.

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