First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Trading Up 0.7% – What’s Next?

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) was up 0.7% during mid-day trading on Thursday . The stock traded as high as $33.99 and last traded at $33.99. Approximately 236 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 1,103 shares. The stock had previously closed at $33.75.

First Trust IPOX Europe Equity Opportunities ETF Stock Up 0.7%

The company’s 50 day moving average price is $32.22 and its 200 day moving average price is $31.75. The firm has a market capitalization of $5.10 million, a price-to-earnings ratio of 23.46 and a beta of 1.16.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FPXE. Susquehanna International Group LLP purchased a new stake in First Trust IPOX Europe Equity Opportunities ETF during the 3rd quarter valued at about $624,000. Cetera Investment Advisers purchased a new stake in First Trust IPOX Europe Equity Opportunities ETF during the 2nd quarter valued at about $602,000. Triad Wealth Partners LLC purchased a new stake in First Trust IPOX Europe Equity Opportunities ETF during the 4th quarter valued at about $317,000. Jane Street Group LLC grew 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 in the last quarter. Finally, Tucker Asset Management LLC purchased a new stake in First Trust IPOX Europe Equity Opportunities ETF during the 4th quarter valued at about $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.