First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Shares Down 1.7% – Here’s Why

Shares of First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) were down 1.7% during trading on Thursday . The company traded as low as $32.79 and last traded at $32.89. Approximately 236 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 965 shares. The stock had previously closed at $33.45.

First Trust IPOX Europe Equity Opportunities ETF Trading Down 1.7%

The business’s 50-day simple moving average is $34.96 and its two-hundred day simple moving average is $33.29. The company has a market capitalization of $4.93 million, a PE ratio of 23.46 and a beta of 1.14.

First Trust IPOX Europe Equity Opportunities ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.3779 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.51 dividend on an annualized basis and a yield of 4.6%.

Institutional Investors Weigh In On First Trust IPOX Europe Equity Opportunities ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FPXE. Cetera Investment Advisers raised its position in shares of First Trust IPOX Europe Equity Opportunities ETF by 7.4% in the 4th quarter. Cetera Investment Advisers now owns 21,564 shares of the company’s stock valued at $678,000 after purchasing an additional 1,488 shares in the last quarter. Tucker Asset Management LLC bought a new stake in shares of First Trust IPOX Europe Equity Opportunities ETF in the fourth quarter worth $30,000. Triad Wealth Partners LLC bought a new stake in shares of First Trust IPOX Europe Equity Opportunities ETF in the fourth quarter worth $317,000. Susquehanna International Group LLP acquired a new stake in First Trust IPOX Europe Equity Opportunities ETF in the third quarter valued at $624,000. Finally, Jane Street Group LLC raised its holdings in First Trust IPOX Europe Equity Opportunities ETF by 5.7% in the first quarter. Jane Street Group LLC now owns 42,702 shares of the company’s stock valued at $1,096,000 after acquiring an additional 2,286 shares in the last quarter.

First Trust IPOX Europe Equity Opportunities ETF Company Profile

The First Trust IPOX Europe Equity Opportunities ETF (FPXE) is an exchange-traded fund that is based on the IPOX 100 Europe index, a market-cap-weighted index of the 100 largest European IPOs over the first 1,000 trading days for each stock. FPXE was launched on Oct 4, 2018 and is managed by First Trust.