First Trust International Equity Opportunities ETF (NASDAQ:FPXI) Trading Down 1.1% – Here’s Why

First Trust International Equity Opportunities ETF (NASDAQ:FPXI) shares were down 1.1% during mid-day trading on Thursday . The company traded as low as $71.15 and last traded at $71.34. 8,824 shares changed hands 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 Down 1.1%

The company has a market capitalization of $292.49 million, a PE ratio of 26.06 and a beta of 0.98. The stock has a fifty day moving average of $75.76 and a two-hundred day moving average of $70.25.

First Trust International Equity Opportunities ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.3415 dividend. 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 yield of 1.9%.

Institutional Trading of First Trust International Equity Opportunities ETF

Several large investors have recently bought and sold shares of FPXI. Ballast Advisors LLC bought a new stake in shares of First Trust International Equity Opportunities ETF in the 1st quarter worth approximately $73,000. NewEdge Advisors LLC raised its stake in First Trust International Equity Opportunities ETF by 20.0% during the first quarter. NewEdge Advisors LLC now owns 49,604 shares of the company’s stock valued at $3,063,000 after buying an additional 8,275 shares during the last quarter. Western Wealth Management LLC bought a new stake in First Trust International Equity Opportunities ETF in the first quarter worth $48,000. Arkadios Wealth Advisors boosted its holdings in First Trust International Equity Opportunities ETF by 8.0% in the first quarter. Arkadios Wealth Advisors now owns 29,409 shares of the company’s stock worth $1,816,000 after acquiring an additional 2,181 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its stake in shares of First Trust International Equity Opportunities ETF by 2.7% in the first quarter. Kestra Advisory Services LLC now owns 50,470 shares of the company’s stock worth $3,116,000 after acquiring an additional 1,310 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.