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

First Trust International Equity Opportunities ETF (NASDAQ:FPXI – Get Free Report) shares traded down 0.7% during mid-day trading on Thursday. The stock traded as low as $64.23 and last traded at $64.84. 6,838 shares changed hands during 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 firm has a fifty day simple moving average of $69.65 and a 200 day simple moving average of $71.94. The stock has a market cap 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a dividend of $0.2281 per share. 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%. The ex-dividend date was Thursday, September 24th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FPXI. Farther Finance Advisors LLC lifted its holdings in shares of First Trust International Equity Opportunities ETF by 6.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,460 shares of the company’s stock worth $301,000 after acquiring an additional 260 shares during the period. NI Acquisitions Company LLC acquired a new stake in shares of First Trust International Equity Opportunities ETF during the 2nd quarter valued at about $36,000. Integrated Wealth Concepts LLC bought a new stake in First Trust International Equity Opportunities ETF in the second quarter valued at about $54,000. Merkkuri Wealth Advisors LLC bought a new stake in First Trust International Equity Opportunities ETF in the first quarter valued at about $46,000. Finally, Western Wealth Management LLC bought a new stake in First Trust International Equity Opportunities ETF in the first quarter valued at about $48,000.

First Trust International Equity Opportunities ETF Company Profile

(Get Free Report)

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.

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