First Trust International IPO ETF (NASDAQ:FPXI) Position Trimmed by Raymond James & Associates

Raymond James & Associates lowered its stake in First Trust International IPO ETF (NASDAQ:FPXI) by 35.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,835 shares of the company’s stock after selling 3,796 shares during the period. Raymond James & Associates’ holdings in First Trust International IPO ETF were worth $289,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Provence Wealth Management Group acquired a new position in shares of First Trust International IPO ETF in the 3rd quarter worth $70,000. Envestnet Portfolio Solutions Inc. purchased a new position in First Trust International IPO ETF in the 3rd quarter worth about $209,000. Consolidated Portfolio Review Corp raised its holdings in First Trust International IPO ETF by 17.8% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 9,986 shares of the company’s stock worth $384,000 after buying an additional 1,512 shares during the period. NBC Securities Inc. acquired a new stake in First Trust International IPO ETF during the 3rd quarter worth about $547,000. Finally, CoreCap Advisors LLC lifted its stake in First Trust International IPO ETF by 23.3% during the fourth quarter. CoreCap Advisors LLC now owns 17,468 shares of the company’s stock valued at $738,000 after buying an additional 3,296 shares in the last quarter.

First Trust International IPO ETF Price Performance

First Trust International IPO ETF stock opened at $45.22 on Tuesday. The company has a market cap of $153.75 million, a P/E ratio of 26.26 and a beta of 0.81. First Trust International IPO ETF has a fifty-two week low of $36.02 and a fifty-two week high of $47.43. The firm’s 50 day simple moving average is $45.83 and its 200-day simple moving average is $42.64.

First Trust International IPO ETF Profile

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.