First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Trading Up 4.5% – Time to Buy?

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) shares shot up 4.5% on Tuesday . The company traded as high as $31.23 and last traded at $31.23. 1,104 shares changed hands during trading, a decline of 12% from the average session volume of 1,257 shares. The stock had previously closed at $29.89.

First Trust IPOX Europe Equity Opportunities ETF Price Performance

The firm has a market capitalization of $4.79 million, a price-to-earnings ratio of 23.46 and a beta of 1.17. The company has a 50-day moving average price of $32.09 and a 200-day moving average price of $31.64.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC acquired a new position in shares of First Trust IPOX Europe Equity Opportunities ETF during the second quarter valued at $1,487,000. Cetera Investment Advisers lifted its holdings in First Trust IPOX Europe Equity Opportunities ETF by 7.4% in the fourth quarter. Cetera Investment Advisers now owns 21,564 shares of the company’s stock worth $678,000 after purchasing an additional 1,488 shares during the period. Jane Street Group LLC lifted its holdings in First Trust IPOX Europe Equity Opportunities ETF by 5.7% in the first quarter. Jane Street Group LLC now owns 42,702 shares of the company’s stock worth $1,096,000 after purchasing an additional 2,286 shares during the period. Tucker Asset Management LLC bought a new position in First Trust IPOX Europe Equity Opportunities ETF in the 4th quarter valued at about $30,000. Finally, Triad Wealth Partners LLC bought a new position in First Trust IPOX Europe Equity Opportunities ETF in the 4th quarter valued at about $317,000.

First Trust IPOX Europe Equity Opportunities ETF Company Profile

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.