First Trust International Equity Opportunities ETF (NASDAQ:FPXI) Shares Down 0.7% – Should You Sell?

First Trust International Equity Opportunities ETF (NASDAQ:FPXI)’s stock price fell 0.7% 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 session volume of 33,024 shares. The stock had previously closed at $65.31.

First Trust International Equity Opportunities ETF Stock Performance

The company has a 50 day moving average of $69.49 and a two-hundred day moving average of $71.89. The stock has a market cap of $221.42 million, a PE ratio of 26.06 and a beta of 0.97.

First Trust International Equity Opportunities ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Concurrent Investment Advisors LLC purchased a new position in shares of First Trust International Equity Opportunities ETF during the 2nd quarter valued at approximately $34,256,000. NewEdge Advisors LLC raised its position in First Trust International Equity Opportunities ETF by 69.3% during the second quarter. NewEdge Advisors LLC now owns 83,990 shares of the company’s stock worth $7,033,000 after acquiring an additional 34,386 shares during the period. Kestra Advisory Services LLC raised its position in First Trust International Equity Opportunities ETF by 2.7% during 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 period. Arkadios Wealth Advisors raised its position in First Trust International Equity Opportunities ETF by 8.0% during 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 during the period. Finally, Citadel Advisors LLC raised its position in First Trust International Equity Opportunities ETF by 185.2% during the second quarter. Citadel Advisors LLC now owns 12,810 shares of the company’s stock worth $1,073,000 after acquiring an additional 8,319 shares during the period.

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.