First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Stock Price Down 1.7% – Time to Sell?

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) shares traded down 1.7% on Thursday . The stock traded as low as $32.79 and last traded at $32.89. Approximately 236 shares changed hands during mid-day 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 Down 1.7%

The stock has a fifty day moving average of $34.96 and a two-hundred day moving average of $33.29. The stock has a market cap of $4.93 million, a price-to-earnings ratio of 23.46 and a beta of 1.14.

First Trust IPOX Europe Equity Opportunities ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.3779 dividend. This represents a $1.51 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Trading of First Trust IPOX Europe Equity Opportunities ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FPXE. Jane Street Group LLC lifted 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 valued at $1,096,000 after buying an additional 2,286 shares in the last quarter. Cetera Investment Advisers increased its position in shares of 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 acquiring an additional 1,488 shares in the last quarter. Susquehanna International Group LLP purchased a new position in shares of First Trust IPOX Europe Equity Opportunities ETF in the 3rd quarter valued at $624,000. Triad Wealth Partners LLC purchased a new position in shares of First Trust IPOX Europe Equity Opportunities ETF in the 4th quarter valued at $317,000. Finally, Tucker Asset Management LLC purchased a new position in shares of First Trust IPOX Europe Equity Opportunities ETF in the 4th quarter valued at $30,000.

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.