First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Stock Price Down 2.8% – Here’s What Happened

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE – Get Free Report) dropped 2.8% during mid-day trading on Thursday. The company traded as low as $30.92 and last traded at $30.91. Approximately 672 shares changed hands during trading, a decline of 7% from the average daily volume of 726 shares. The stock had previously closed at $31.79.

First Trust IPOX Europe Equity Opportunities ETF Price Performance

The company has a market capitalization of $4.64 million, a PE ratio of 23.46 and a beta of 1.14. The company’s fifty day moving average is $32.13 and its 200-day moving average is $33.14.

First Trust IPOX Europe Equity Opportunities ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a dividend of $0.0935 per share. This is a drop from First Trust IPOX Europe Equity Opportunities ETF’s previous quarterly dividend of $0.3779. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.37 annualized dividend and a yield of 1.2%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in First Trust IPOX Europe Equity Opportunities ETF stock. Tucker Asset Management LLC purchased a new position in First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,470 shares of the company’s stock, valued at approximately $51,000. Tucker Asset Management LLC owned approximately 0.98% of First Trust IPOX Europe Equity Opportunities ETF at the end of the most recent quarter.

First Trust IPOX Europe Equity Opportunities ETF Company Profile

(Get Free Report)

The First Trust IPOX Europe Equity Opportunities ETF (FPXE) is an exchange-traded fund that is based on the IPOX 100 Europe index, a market-cap-weighted index of the 100 largest European IPOs over the first 1,000 trading days for each stock. FPXE was launched on Oct 4, 2018 and is managed by First Trust.

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