First Trust Expanded Technology ETF (XPND)
First Trust Expanded Technology ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $40.31, up 1.21% on the session, giving a market capitalisation of $40.3M. Its beta of 1.27 implies it has historically moved more than the broad market.
The First Trust Expanded Technology ETF is structured with the primary goal of achieving substantial growth in capital over an extended timeframe. Ordinarily, this fund directs its investments primarily towards the common shares of companies identified by its advisor as "Expanded Technology Companies." This classification encompasses information technology enterprises, as well as financial and communication services firms whose core business activities or revenue streams are significantly reliant on or derived from technology. Under typical market conditions, a minimum of 80% of the Fund's net assets—including any borrowed capital used for investment—will be allocated to these types of businesses. While the fund operates under active management, its investment advisor leverages a data-driven quantitative model to pinpoint "Expanded Technology Companies" that exhibit strong potential for sustained value appreciation over time.
First Trust Expanded Technology ETF is most often compared with the following Financial Services names: