First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Shares Down 1.1% – Time to Sell?

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE)’s share price fell 1.1% on Friday . The stock traded as low as $33.33 and last traded at $33.33. Approximately 1,542 shares were traded 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 Price Performance

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

First Trust IPOX Europe Equity Opportunities ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued 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%.

Hedge Funds Weigh In On First Trust IPOX Europe Equity Opportunities ETF

Several institutional investors and hedge funds have recently made changes to their positions in FPXE. Tucker Asset Management LLC acquired a new stake in shares of First Trust IPOX Europe Equity Opportunities ETF during the fourth quarter worth approximately $30,000. Cetera Investment Advisers raised 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 valued at $678,000 after acquiring an additional 1,488 shares in the last quarter. Jane Street Group LLC boosted its stake in First Trust IPOX Europe Equity Opportunities ETF by 5.7% during the 1st 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 during the last quarter. Finally, Susquehanna International Group LLP bought a new position in First Trust IPOX Europe Equity Opportunities ETF during the 3rd quarter valued at $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.