Dynamic Advisor Solutions LLC Reduces Stake in First Trust International IPO ETF (NASDAQ: FPXI)

Dynamic Advisor Solutions LLC has decreased its holdings in First Trust International IPO ETF (NASDAQ: FPXI) by 10.6% during the third quarter, as revealed in its recent 13F filing with the SEC. Following the reduction, the firm now owns 6,928 shares of the ETF after selling 825 shares throughout the quarter. As of the end of this latest reporting period, Dynamic Advisor Solutions LLC's stake represented approximately 0.23% of First Trust International IPO ETF, which translates to a value of around $335,000.

A number of other institutional investors have also adjusted their investments in First Trust International IPO ETF. For instance, CoreCap Advisors LLC initiated a new position in the ETF in the second quarter, investing about $875,000. Additionally, Susquehanna International Group LLP increased its stake in the ETF by 16.7% during the same period, holding now 100,042 shares valued at $4,708,000 after acquiring an extra 14,330 shares. Furthermore, Bank of Montreal Can entered a new position worth $403,000 in the second quarter, while Koshinski Asset Management Inc. made a new investment in the first quarter with a stake worth approximately $245,000. J.W. Cole Advisors Inc. also bought new shares in the first quarter, with their investment totaling about $218,000.

First Trust International IPO ETF Performance

The First Trust International IPO ETF experienced a slight increase of 0.5% on the trading day, beginning at $48.72. The ETF carries a market capitalization of $146.16 million and a price-to-earnings ratio of 27.85, with a beta of 0.81. The current 50-day moving average sits at $47.44, while the 200-day moving average is at $47.02. Over the past year, the ETF has fluctuated, reaching a low of $36.02 and a high of $49.29.

Dividend Announcement

Recently, the First Trust International IPO ETF announced a quarterly dividend that was paid out on September 30th. Shareholders who were on record as of September 26th received a dividend of $0.0444 per share. The ex-dividend date was also noted as September 26th. This dividend translates to an annualized amount of $0.18, yielding approximately 0.36%.

About First Trust International IPO ETF

The First Trust International IPO ETF aims to track the IPOX International index, which is a market-cap-weighted index consisting of the largest IPOs from developed markets outside the U.S. The ETF, which was launched on November 5, 2014, is managed by First Trust.

ETF, Investments, Funds