First Trust Expanded Technology ETF (XPND)

Overview

The First Trust Expanded Technology ETF (FTXL) seeks to provide investment results that correspond to the price and yield, before fees and expenses, of the Nasdaq CTA Global Digital Payments Index. It focuses on companies involved in digital payments, cybersecurity, and cloud computing. The ETF offers targeted exposure to technology companies beyond traditional technology sectors.

Reputation and Reliability

First Trust is a well-established ETF provider with a strong reputation for offering innovative and thematic investment solutions.

Management Expertise

First Trust has a dedicated team of investment professionals with extensive experience in managing and researching ETFs.

Goal

To track the investment results of the Nasdaq CTA Global Digital Payments Index.

Investment Approach and Strategy

Strategy: The ETF aims to replicate the performance of an index comprised of companies involved in digital payments.

Composition The ETF holds stocks of companies involved in digital payments, cybersecurity, and cloud computing.

Market Share: Unable to provide exact real-time market share. Market share fluctuates, and specific data requires professional financial tools.

Total Net Assets (AUM): 69280000

Key Competitors

• ARKW
• IPAY
• ROBO
• QQQ

Competitive Landscape

The ETF industry is highly competitive, with numerous players vying for market share. FTXL offers a focused approach on digital payments but faces competition from broader technology ETFs and thematic funds. Advantages could include targeted exposure, while disadvantages may stem from its concentrated focus and higher expense ratio compared to broader market ETFs.

Historical Performance: Historical performance data requires access to financial databases and is subject to change. Past performance is not indicative of future results.

Benchmark Comparison: Benchmark comparison requires access to specific index data and historical performance figures.

Expense Ratio: 0.0057

Average Trading Volume

Average trading volume indicates the ease of buying or selling shares of the ETF, and FTXL generally exhibits moderate liquidity.

Bid-Ask Spread

The bid-ask spread reflects the difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept, and for FTXL this is considered to be relatively tight.

Market Environment Factors

Economic indicators such as interest rates and inflation, sector growth prospects in digital payments, and overall market sentiment influence FTXL's performance.

Growth Trajectory

Growth trends in digital payments and e-commerce drive the demand for companies within FTXL's portfolio. Changes to strategy would include the tracking of the Nasdaq CTA Global Digital Payments Index and holdings are updated periodically to reflect changes in the index.

Competitive Edge

FTXL's competitive advantage lies in its focus on the intersection of technology and digital payments, offering targeted exposure to this growing sector. Its index-tracking strategy provides transparency and diversification within its focused segment. First Trust's established reputation as an ETF provider also contributes to its appeal. This targeted approach may resonate with investors seeking specialized technology exposure within their portfolios.

Volatility

Historical volatility data requires access to financial databases and is subject to change. Investment involves risk.

Market Risk

Market risks associated with FTXL include fluctuations in the technology sector, particularly in digital payments, cybersecurity and cloud computing. Furthermore, specific risks could include digital payment fraud and new emerging technologies.

Ideal Investor Profile

The ideal investor for FTXL is one seeking targeted exposure to the digital payments and expanded technology sector.

Market Risk

FTXL is suitable for investors with a moderate to high-risk tolerance, and is most suitable for long-term investors.

First Trust Expanded Technology ETF (FTXL) provides targeted exposure to companies involved in digital payments and expanded technology sector. It aims to track the Nasdaq CTA Global Digital Payments Index, offering investors a focused approach to this innovative sector. The ETF's success depends on the growth and adoption of digital payment technologies. Investors should carefully consider the ETF's concentrated sector focus and expense ratio before investing.

Data Sources:

• First Trust Website
• Nasdaq Website
• Morningstar
• ETFdb.com

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered investment advice. Consult with a qualified financial advisor before making any investment decisions. Market data is dynamic and subject to change.