First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Stock Price Down 2% – Time to Sell?

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE)’s stock price traded down 2% during mid-day trading on Friday . The company traded as low as $33.98 and last traded at $33.98. 968 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 999 shares. The stock had previously closed at $34.69.

First Trust IPOX Europe Equity Opportunities ETF Trading Down 2.0%

The stock has a market cap of $5.10 million, a PE ratio of 23.46 and a beta of 1.14. The business has a 50-day moving average price of $32.57 and a 200 day moving average price of $32.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FPXE. Susquehanna International Group LLP bought a new position in shares of First Trust IPOX Europe Equity Opportunities ETF during the 3rd quarter worth $624,000. Cetera Investment Advisers purchased a new stake in First Trust IPOX Europe Equity Opportunities ETF during the 2nd quarter worth about $602,000. Triad Wealth Partners LLC purchased a new stake in First Trust IPOX Europe Equity Opportunities ETF during the 4th quarter worth about $317,000. Jane Street Group LLC lifted its holdings 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 worth $1,096,000 after purchasing 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 worth about $30,000.

First Trust IPOX Europe Equity Opportunities ETF Company Profile

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.