First Trust Expanded Technology ETF (NYSEARCA:XPND) Stock Price Breaks Below Two Hundred Day Moving Average – What’s Next?

First Trust Expanded Technology ETF (NYSEARCA:XPND)’s stock price crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred 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 trading hands.

First Trust Expanded Technology ETF Stock Down 4.1%

The company has a market capitalization of $36.71 million, a price-to-earnings ratio of 32.72 and a beta of 1.26. The company’s 50 day simple moving average is $39.29 and its two-hundred day simple moving average is $37.70.

Institutional Trading of First Trust Expanded Technology ETF

A number of institutional investors have recently made changes to their positions in XPND. Bullseye Investment Management LLC purchased a new position in First Trust Expanded Technology ETF during the 2nd quarter worth $759,000. Kestra Private Wealth Services LLC purchased a new stake in First Trust Expanded Technology ETF in the third quarter valued at about $328,000. Envestnet Asset Management Inc. raised its stake in First Trust Expanded Technology ETF by 2.0% in the second quarter. Envestnet Asset Management Inc. now owns 13,407 shares of the company’s stock valued at $561,000 after buying an additional 263 shares during the last quarter. Citadel Advisors LLC boosted its holdings in First Trust Expanded Technology ETF by 51.5% in the second quarter. Citadel Advisors LLC now owns 23,441 shares of the company’s stock worth $981,000 after acquiring an additional 7,965 shares in the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new stake in First Trust Expanded Technology ETF in the second quarter worth about $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.