First Trust Expanded Technology ETF (NYSEARCA:XPND) Share Price Crosses Below 200-Day Moving Average – What’s Next?

First Trust Expanded Technology ETF (NYSEARCA:XPND)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $37.70 and traded as low as $36.31. First Trust Expanded Technology ETF shares last traded at $36.71, with a volume of 6,060 shares traded.

First Trust Expanded Technology ETF Stock Performance

The firm’s 50-day moving average is $39.29 and its 200 day moving average is $37.70. The firm has a market capitalization of $36.71 million, a PE ratio of 32.72 and a beta of 1.26.

Institutional Trading of First Trust Expanded Technology ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC increased its stake in shares of First Trust Expanded Technology ETF by 51.5% during the 2nd quarter. Citadel Advisors LLC now owns 23,441 shares of the company’s stock worth $981,000 after purchasing an additional 7,965 shares in the last quarter. Bullseye Investment Management LLC acquired a new position in shares of First Trust Expanded Technology ETF during the 2nd quarter worth approximately $759,000. Envestnet Asset Management Inc. raised its position in shares of First Trust Expanded Technology ETF by 2.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,407 shares of the company’s stock worth $561,000 after purchasing an additional 263 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of First Trust Expanded Technology ETF by 8.9% during the 1st quarter. Sanctuary Advisors LLC now owns 10,579 shares of the company’s stock worth $347,000 after purchasing an additional 869 shares during the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new stake in First Trust Expanded Technology ETF in the 2nd quarter valued at approximately $245,000.

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.