First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Shares Down 2.8% – Time to Sell?

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE – Get Free Report)’s stock price fell 2.8% on Thursday. The stock traded as low as $30.92 and last traded at $30.91. Approximately 672 shares traded hands during trading, a decline of 7% from the average daily volume of 726 shares. The stock had previously closed at $31.79.

First Trust IPOX Europe Equity Opportunities ETF Stock Down 0.2%

The business has a 50-day simple moving average of $32.08 and a two-hundred day simple moving average of $33.14. The stock has a market capitalization of $4.63 million, a P/E ratio of 23.46 and a beta of 1.14.

First Trust IPOX Europe Equity Opportunities ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.0935 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, September 24th. This is a negative change from First Trust IPOX Europe Equity Opportunities ETF’s previous quarterly dividend of $0.3779.

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

A hedge fund recently raised its position in First Trust IPOX Europe Equity Opportunities ETF stock. Envestnet Asset Management Inc. raised its stake in First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE – Free Report) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,817 shares of the company’s stock after buying an additional 440 shares during the quarter. Envestnet Asset Management Inc. owned 17.21% of First Trust IPOX Europe Equity Opportunities ETF worth $900,000 as of its most recent filing with the Securities and Exchange Commission.

First Trust IPOX Europe Equity Opportunities ETF Company Profile

(Get Free Report)

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.

Further Reading

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