First Trust International Equity Opportunities ETF (NASDAQ:FPXI) Shares Up 2.9% – What’s Next?

First Trust International Equity Opportunities ETF (NASDAQ:FPXI) shot up 2.9% during mid-day trading on Monday . The stock traded as high as $86.63 and last traded at $86.45. Approximately 903,202 shares traded hands during trading, an increase of 3,644% from the average session volume of 24,121 shares. The stock had previously closed at $84.03.

First Trust International Equity Opportunities ETF Trading Up 2.9%

The stock has a market cap of $224.77 million, a P/E ratio of 26.06 and a beta of 0.98. The stock’s fifty day moving average price is $74.33 and its 200 day moving average price is $67.06.

First Trust International Equity Opportunities ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.0541 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in First Trust International Equity Opportunities ETF by 1,460.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 104,866 shares of the company’s stock valued at $6,202,000 after purchasing an additional 98,145 shares during the last quarter. NewEdge Advisors LLC increased its holdings in First Trust International Equity Opportunities ETF by 1,460.2% during the fourth quarter. NewEdge Advisors LLC now owns 41,329 shares of the company’s stock valued at $2,444,000 after buying an additional 38,680 shares during the last quarter. LPL Financial LLC raised its holdings in First Trust International Equity Opportunities ETF by 6.3% in the 4th quarter. LPL Financial LLC now owns 440,651 shares of the company’s stock worth $26,060,000 after purchasing an additional 26,065 shares during the period. Northbridge Financial Group LLC purchased a new position in shares of First Trust International Equity Opportunities ETF during the 4th quarter valued at about $1,285,000. Finally, TrueWealth Financial Partners bought a new position in shares of First Trust International Equity Opportunities ETF in the fourth quarter worth approximately $1,076,000.

First Trust International Equity Opportunities ETF Company Profile

The First Trust International Equity Opportunities ETF (FPXI) is an exchange-traded fund that is based on the IPOX International index, a market-cap-weighted index of the 50 largest developed markets ex-US IPOs over the first 1,000 trading days for each stock. FPXI was launched on Nov 5, 2014 and is managed by First Trust.