Institutional Investor Boosts First Trust Expanded Technology ETF with $110,000 Purchase

On Thursday, the share price of First Trust Expanded Technology ETF (NYSEARCA:XPND) increased by 0.7%, reaching a high of $28.70 and last traded at $28.65. A total of 32,431 shares were traded during mid-day trading, a significant increase from the average daily volume of 5,112 shares. The stock closed at $28.46.

First Trust Expanded Technology ETF is an exchange-traded fund that primarily invests in stocks related to technology. The fund actively invests in US stocks whose businesses are derived from or dependent on technology. It was launched on June 14, 2021 and is managed by First Trust. With a market cap of $20.05 million, a price-to-earnings ratio of 36.48, and a beta of 1.38, the company’s fifty-day moving average price is $26.97 and its 200-day moving average price is $25.84.

One institutional investor, International Assets Investment Management LLC, recently bought a new position in shares of First Trust Expanded Technology ETF (NYSEARCA:XPND). They purchased 4,698 shares of the company’s stock during the fourth quarter, valued at approximately $110,000