First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Stock Price Down 3.6% – Here’s Why

Shares of First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) traded down 3.6% during mid-day trading on Friday . The stock traded as low as $34.70 and last traded at $34.70. 352 shares were traded during trading, a decline of 66% from the average session volume of 1,042 shares. The stock had previously closed at $35.99.

First Trust IPOX Europe Equity Opportunities ETF Stock Performance

The stock has a market cap of $5.21 million, a PE ratio of 23.46 and a beta of 1.14. The firm’s 50-day moving average is $33.93 and its 200 day moving average is $32.46.

Institutional Trading of First Trust IPOX Europe Equity Opportunities ETF

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its stake in shares of First Trust IPOX Europe Equity Opportunities ETF by 5.7% in the 1st quarter. Jane Street Group LLC now owns 42,702 shares of the company’s stock valued at $1,096,000 after purchasing an additional 2,286 shares during the last quarter. Cetera Investment Advisers grew its position in First Trust IPOX Europe Equity Opportunities ETF by 7.4% in the 4th quarter. Cetera Investment Advisers now owns 21,564 shares of the company’s stock valued at $678,000 after buying an additional 1,488 shares during the last quarter. Susquehanna International Group LLP purchased a new position in First Trust IPOX Europe Equity Opportunities ETF in the 3rd quarter valued at $624,000. Triad Wealth Partners LLC purchased a new position in First Trust IPOX Europe Equity Opportunities ETF during the 4th quarter worth $317,000. Finally, Tucker Asset Management LLC acquired a new stake in shares of First Trust IPOX Europe Equity Opportunities ETF in the 4th quarter worth $30,000.

About First Trust IPOX Europe Equity Opportunities ETF

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.