First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Trading Down 1.7% – Here’s What Happened

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE)’s share price dropped 1.7% during mid-day trading on Thursday . The stock traded as low as $32.79 and last traded at $32.89. 236 shares changed hands during 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 Stock Performance

The firm has a market cap of $4.93 million, a P/E ratio of 23.46 and a beta of 1.14. The company has a 50 day moving average of $34.92 and a 200 day moving average of $33.29.

First Trust IPOX Europe Equity Opportunities ETF Dividend Announcement

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

Institutional Trading of First Trust IPOX Europe Equity Opportunities ETF

Large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers increased its stake in shares of First Trust IPOX Europe Equity Opportunities ETF by 7.4% during the 4th 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 last quarter. Tucker Asset Management LLC bought a new stake in First Trust IPOX Europe Equity Opportunities ETF in the fourth quarter worth $30,000. Triad Wealth Partners LLC bought a new stake in First Trust IPOX Europe Equity Opportunities ETF in the fourth quarter worth $317,000. Susquehanna International Group LLP acquired a new position in First Trust IPOX Europe Equity Opportunities ETF during the third quarter worth $624,000. Finally, Jane Street Group LLC increased its position 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 buying an additional 2,286 shares during the last quarter.

About First Trust IPOX Europe Equity Opportunities ETF

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.