Ferguson Shapiro LLC raised its position in shares of First Trust Expanded Technology ETF (NYSEARCA:XPND – Free Report) by 12.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 530,624 shares of the company’s stock after purchasing an additional 56,962 shares during the period. First Trust Expanded Technology ETF comprises 5.3% of Ferguson Shapiro LLC’s portfolio, making the stock its 7th biggest position. Ferguson Shapiro LLC owned 0.53% of First Trust Expanded Technology ETF worth $17,418,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of First Trust Expanded Technology ETF during the 2nd quarter worth $71,000. Envestnet Asset Management Inc. raised its holdings in shares of First Trust Expanded Technology ETF by 26.1% in the third quarter. Envestnet Asset Management Inc. now owns 11,969 shares of the company’s stock valued at $434,000 after acquiring an additional 2,478 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in First Trust Expanded Technology ETF by 9.5% in the third quarter. Integrated Wealth Concepts LLC now owns 154,647 shares of the company’s stock worth $5,612,000 after acquiring an additional 13,381 shares during the period. Kestra Private Wealth Services LLC lifted its stake in First Trust Expanded Technology ETF by 6.8% in the third quarter. Kestra Private Wealth Services LLC now owns 8,562 shares of the company’s stock worth $311,000 after acquiring an additional 545 shares during the period. Finally, Advisory Services Network LLC bought a new position in First Trust Expanded Technology ETF during the 3rd quarter worth about $45,000.
First Trust Expanded Technology ETF Stock Performance
NYSEARCA XPND opened at $41.84 on Wednesday. The company has a market capitalization of $41.84 million, a price-to-earnings ratio of 32.72 and a beta of 1.26. The company’s 50-day simple moving average is $39.37 and its two-hundred day simple moving average is $36.50. First Trust Expanded Technology ETF has a one year low of $31.65 and a one year high of $42.34.
First Trust Expanded Technology ETF Profile
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.
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