MML Investors Services LLC Has $623,000 Position in First Trust International IPO ETF (NASDAQ:FPXI)

MML Investors Services LLC lessened its stake in First Trust International IPO ETF (NASDAQ:FPXI) by 26.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,875 shares of the company’s stock after selling 4,681 shares during the period. MML Investors Services LLC owned about 0.45% of First Trust International IPO ETF worth $623,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FPXI. Jane Street Group LLC lifted its position in shares of First Trust International IPO ETF by 104.3% in the 3rd quarter. Jane Street Group LLC now owns 35,283 shares of the company’s stock worth $1,706,000 after acquiring an additional 18,015 shares during the period. Benjamin Edwards Inc. acquired a new stake in First Trust International IPO ETF during the third quarter worth $1,915,000. US Bancorp DE boosted its stake in First Trust International IPO ETF by 3.1% during the third quarter. US Bancorp DE now owns 11,100 shares of the company’s stock worth $537,000 after buying an additional 336 shares in the last quarter. Hibernia Wealth Partners LLC bought a new stake in First Trust International IPO ETF in the 3rd quarter valued at $230,000. Finally, Arkadios Wealth Advisors raised its stake in shares of First Trust International IPO ETF by 4.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 7,978 shares of the company’s stock valued at $386,000 after buying an additional 352 shares in the last quarter.

First Trust International IPO ETF Stock Performance

Shares of First Trust International IPO ETF stock opened at $47.75 on Friday. The firm’s 50-day simple moving average is $49.21 and its 200-day simple moving average is $48.04. First Trust International IPO ETF has a twelve month low of $40.77 and a twelve month high of $50.80. The firm has a market cap of $136.09 million, a P/E ratio of 27.85 and a beta of 0.81.

First Trust International IPO ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.0945 per share. The ex-dividend date is Friday, December 13th.

About First Trust International IPO ETF

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.