First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Trading at $31.24

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) shares shot up 0% during trading on Thursday. The stock traded as high as $31.29 and last traded at $31.24. Approximately 215 shares traded hands during trading, a decline of 72% from the average daily volume of 762 shares. The stock had previously closed at $31.23.

First Trust IPOX Europe Equity Opportunities ETF Stock Performance

The company has a 50 day moving average of $32.88 and a 200 day moving average of $33.70. The stock has a market capitalization of $4.65 million, a price-to-earnings ratio of 23.46 and a beta of 1.13.

First Trust IPOX Europe Equity Opportunities ETF Cuts Dividend

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

Hedge Funds Weigh In On First Trust IPOX Europe Equity Opportunities ETF

An institutional investor recently raised its position in First Trust IPOX Europe Equity Opportunities ETF stock. Envestnet Asset Management Inc. boosted its position in First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,817 shares of the company’s stock after acquiring an additional 440 shares during the quarter. Envestnet Asset Management Inc. owned 17.21% of First Trust IPOX Europe Equity Opportunities ETF worth $900,000 at the end of the most recent quarter.

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.