• Mon. Jul 8th, 2024

Rising Tech Stocks: First Trust Expanded Technology ETF Surges to New Highs

BySamantha Jones

Jul 5, 2024
First Trust Expanded Technology ETF (NYSEARCA:XPND) Stock Price Increases by 0.7%

On Thursday, the stock price of First Trust Expanded Technology ETF (NYSEARCA:XPND) increased by 0.7%, reaching a high of $28.70 and trading at $28.65 during mid-day trading. The company’s market cap is $20.05 million, with a price-to-earnings ratio of 36.48 and a beta of 1.38.

First Trust Expanded Technology ETF’s fifty-day moving average price is $26.97, while its 200-day moving average price is $25.84. One institutional investor, International Assets Investment Management LLC, recently purchased a new position in shares of First Trust Expanded Technology ETF (NYSEARCA:XPND), buying 4,698 shares during the fourth quarter for approximately $110,000, representing 1.57% ownership of the fund.

The First Trust Expanded Technology ETF (XPND) is an exchange-traded fund that invests primarily in technology stocks in US companies with businesses derived from or dependent on technology. The fund was launched on June 14, 2021 and is managed by First Trust. If you want to receive daily updates about news and analyst ratings for First Trust Expanded Technology ETF, sign up for MarketBeat’s free email newsletter by entering your email address below

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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