First Trust International Equity Opportunities ETF (NASDAQ:FPXI) Shares Down 0.7% – Here’s Why

Shares of First Trust International Equity Opportunities ETF (NASDAQ:FPXI) traded down 0.7% on Thursday. The stock traded as low as $64.23 and last traded at $64.84. 6,838 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 33,024 shares. The stock had previously closed at $65.31.

First Trust International Equity Opportunities ETF Trading Down 0.7%

The stock has a fifty day moving average price of $69.65 and a 200-day moving average price of $71.94. The firm has a market capitalization of $223.70 million, a price-to-earnings ratio of 26.06 and a beta of 0.97.

First Trust International Equity Opportunities ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.2281 per share. The ex-dividend date of this dividend was Thursday, September 24th. This is a drop from First Trust International Equity Opportunities ETF’s previous quarterly dividend of $0.3415. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.4%.

Institutional Investors Weigh In On First Trust International Equity Opportunities ETF

Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC lifted its holdings in First Trust International Equity Opportunities ETF by 69.3% during the 2nd quarter. NewEdge Advisors LLC now owns 83,990 shares of the company’s stock valued at $7,033,000 after purchasing an additional 34,386 shares during the last quarter. Citadel Advisors LLC boosted its position in First Trust International Equity Opportunities ETF by 185.2% in the second quarter. Citadel Advisors LLC now owns 12,810 shares of the company’s stock valued at $1,073,000 after buying an additional 8,319 shares in the last quarter. MCF Advisors LLC bought a new stake in First Trust International Equity Opportunities ETF during the second quarter worth about $924,000. Concurrent Investment Advisors LLC bought a new stake in First Trust International Equity Opportunities ETF during the second quarter worth about $34,256,000. Finally, Integrated Wealth Concepts LLC bought a new stake in First Trust International Equity Opportunities ETF during the second quarter worth about $54,000.

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.