First Trust International Equity Opportunities ETF (NASDAQ:FPXI) Trading Down 1.1% – Time to Sell?

Shares of First Trust International Equity Opportunities ETF (NASDAQ:FPXI) traded down 1.1% during trading on Thursday . The company traded as low as $71.15 and last traded at $71.34. Approximately 8,824 shares were traded during mid-day trading, a decline of 71% from the average session volume of 30,242 shares. The stock had previously closed at $72.11.

First Trust International Equity Opportunities ETF Trading Up 1.1%

The company has a market cap of $296.72 million, a PE ratio of 26.06 and a beta of 0.98. The firm’s 50-day simple moving average is $75.65 and its two-hundred day simple moving average is $70.26.

First Trust International Equity Opportunities ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.3415 per share. The ex-dividend date was Thursday, June 25th. This is an increase from First Trust International Equity Opportunities ETF’s previous quarterly dividend of $0.05. This represents a $1.37 annualized dividend and a dividend yield of 1.9%.

Hedge Funds Weigh In On First Trust International Equity Opportunities ETF

Hedge funds have recently made changes to their positions in the company. Merkkuri Wealth Advisors LLC acquired a new stake in First Trust International Equity Opportunities ETF during the 1st quarter worth about $46,000. Western Wealth Management LLC acquired a new position in shares of First Trust International Equity Opportunities ETF in the first quarter valued at about $48,000. Ballast Advisors LLC acquired a new position in shares of First Trust International Equity Opportunities ETF in the first quarter valued at about $73,000. Advisory Services Network LLC purchased a new position in shares of First Trust International Equity Opportunities ETF in the third quarter worth about $103,000. Finally, NewEdge Advisors LLC raised its stake in shares of First Trust International Equity Opportunities ETF by 3,945.5% in the first quarter. NewEdge Advisors LLC now owns 2,670 shares of the company’s stock worth $126,000 after purchasing an additional 2,604 shares during the last quarter.

About First Trust International Equity Opportunities ETF

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.