First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Shares Down 1.1% – Here’s Why

Shares of First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) traded down 1.1% during trading on Friday . The stock traded as low as $33.33 and last traded at $33.33. Approximately 1,542 shares traded hands during trading, an increase of 80% from the average daily volume of 855 shares. The stock had previously closed at $33.69.

First Trust IPOX Europe Equity Opportunities ETF Stock Down 1.1%

The firm has a market capitalization of $5.00 million, a price-to-earnings ratio of 23.46 and a beta of 1.14. The stock has a 50 day moving average of $33.85 and a 200 day moving average of $33.59.

First Trust IPOX Europe Equity Opportunities ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.3779 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.51 annualized dividend and a yield of 4.5%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FPXE. Tucker Asset Management LLC bought a new stake in shares of First Trust IPOX Europe Equity Opportunities ETF in the 2nd quarter valued at approximately $51,000. Jane Street Group LLC lifted its stake in First Trust IPOX Europe Equity Opportunities ETF by 5.7% during the first quarter. Jane Street Group LLC now owns 42,702 shares of the company’s stock worth $1,096,000 after purchasing an additional 2,286 shares during the last quarter. Cetera Investment Advisers boosted its holdings in First Trust IPOX Europe Equity Opportunities ETF by 7.4% in the fourth quarter. Cetera Investment Advisers now owns 21,564 shares of the company’s stock worth $678,000 after purchasing an additional 1,488 shares during the period. Finally, Susquehanna International Group LLP acquired a new position in First Trust IPOX Europe Equity Opportunities ETF in the third quarter worth $624,000.

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.