Northbridge Financial Group LLC Purchases New Position in First Trust International Equity Opportunities ETF $FPXI

Northbridge Financial Group LLC purchased a new stake in First Trust International Equity Opportunities ETF (NASDAQ:FPXI) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 21,728 shares of the company’s stock, valued at approximately $1,285,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its position in First Trust International Equity Opportunities ETF by 1,460.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 104,866 shares of the company’s stock valued at $6,202,000 after acquiring an additional 98,145 shares during the last quarter. TrueWealth Financial Partners purchased a new stake in First Trust International Equity Opportunities ETF in the fourth quarter valued at approximately $1,076,000. Ameritas Advisory Services LLC purchased a new stake in First Trust International Equity Opportunities ETF in the fourth quarter valued at approximately $200,000. Advisory Services Network LLC purchased a new stake in First Trust International Equity Opportunities ETF in the third quarter valued at approximately $103,000. Finally, Susquehanna International Group LLP lifted its stake in First Trust International Equity Opportunities ETF by 24.3% in the third quarter. Susquehanna International Group LLP now owns 77,996 shares of the company’s stock valued at $4,674,000 after buying an additional 15,236 shares during the last quarter.

First Trust International Equity Opportunities ETF Trading Down 1.9%

Shares of NASDAQ FPXI opened at $70.38 on Wednesday. First Trust International Equity Opportunities ETF has a twelve month low of $51.77 and a twelve month high of $74.65. The stock has a 50 day moving average of $67.04 and a two-hundred day moving average of $63.89. The stock has a market cap of $182.99 million, a P/E ratio of 26.06 and a beta of 0.96.

First Trust International Equity Opportunities ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.0541 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, March 26th.

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.