First Trust International IPO ETF (NASDAQ:FPXI) Stake Reduced by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its holdings in shares of First Trust International IPO ETF (NASDAQ:FPXI – Get Rating) by 16.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 34,029 shares of the company’s stock after selling 6,942 shares during the period. Envestnet Asset Management Inc.’s holdings in First Trust International IPO ETF were worth $1,322,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FPXI. Simplex Trading LLC bought a new stake in First Trust International IPO ETF during the fourth quarter worth approximately $42,000. Credit Suisse AG bought a new stake in shares of First Trust International IPO ETF during the 2nd quarter worth $61,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of First Trust International IPO ETF in the 4th quarter worth $173,000. Tower Research Capital LLC TRC raised its position in shares of First Trust International IPO ETF by 36.1% during the third quarter. Tower Research Capital LLC TRC now owns 5,378 shares of the company’s stock worth $192,000 after purchasing an additional 1,426 shares during the period. Finally, Equitable Holdings Inc. lifted its holdings in shares of First Trust International IPO ETF by 9.3% during the third quarter. Equitable Holdings Inc. now owns 7,114 shares of the company’s stock valued at $254,000 after purchasing an additional 605 shares during the last quarter.

First Trust International IPO ETF Stock Down 1.8 %

NASDAQ:FPXI opened at $38.87 on Wednesday. The stock has a fifty day simple moving average of $39.51 and a 200 day simple moving average of $39.66. The firm has a market capitalization of $227.39 million, a price-to-earnings ratio of 13.62 and a beta of 0.81. First Trust International IPO ETF has a 1-year low of $33.73 and a 1-year high of $46.53.

First Trust International IPO ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Monday, March 27th were given a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.05%. The ex-dividend date was Friday, March 24th.

First Trust International IPO ETF Company Profile

(Get Rating)

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.