First Trust International Equity Opportunities ETF (NASDAQ:FPXI) Shares Up 2.9% – Still a Buy?

First Trust International Equity Opportunities ETF (NASDAQ:FPXI)’s stock price was up 2.9% during mid-day trading on Monday . The company traded as high as $86.63 and last traded at $86.45. Approximately 903,202 shares traded hands during mid-day trading, an increase of 3,644% from the average daily volume of 24,121 shares. The stock had previously closed at $84.03.

First Trust International Equity Opportunities ETF Stock Performance

The firm has a market capitalization of $224.77 million, a PE ratio of 26.06 and a beta of 0.98. The company has a fifty day moving average price of $74.33 and a 200-day moving average price of $67.06.

First Trust International Equity Opportunities ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a $0.0541 dividend. This represents a $0.22 annualized dividend and a yield of 0.3%. The ex-dividend date was Thursday, March 26th.

Institutional Investors Weigh In On First Trust International Equity Opportunities ETF

A number of hedge funds have recently bought and sold shares of FPXI. Merkkuri Wealth Advisors LLC bought a new position in First Trust International Equity Opportunities ETF during the first quarter valued at $46,000. Western Wealth Management LLC bought a new stake in shares of First Trust International Equity Opportunities ETF in the 1st quarter worth about $48,000. Advisory Services Network LLC bought a new stake in shares of First Trust International Equity Opportunities ETF in the 3rd quarter worth about $103,000. NewEdge Advisors LLC raised its position in shares of First Trust International Equity Opportunities ETF by 3,945.5% during the 1st quarter. NewEdge Advisors LLC now owns 2,670 shares of the company’s stock valued at $126,000 after buying an additional 2,604 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of First Trust International Equity Opportunities ETF during the 4th quarter valued at about $200,000.

First Trust International Equity Opportunities ETF Company Profile

The First Trust International Equity Opportunities ETF (FPXI) is an exchange-traded fund that is based on the IPOX International index, a market-cap-weighted index of the 50 largest developed markets ex-US IPOs over the first 1,000 trading days for each stock. FPXI was launched on Nov 5, 2014 and is managed by First Trust.