Kraft Davis & Associates LLC Sells 4,548 Shares of First Trust US Equity Opportunities ETF (NYSEARCA:FPX)

Kraft Davis & Associates LLC lowered its stake in First Trust US Equity Opportunities ETF (NYSEARCA:FPX) by 25.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,525 shares of the company’s stock after selling 4,548 shares during the quarter. Kraft Davis & Associates LLC owned 0.15% of First Trust US Equity Opportunities ETF worth $1,276,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Investors Research Corp grew its position in First Trust US Equity Opportunities ETF by 7.5% in the 4th quarter. Investors Research Corp now owns 5,559 shares of the company’s stock valued at $533,000 after purchasing an additional 387 shares during the period. Meitav Investment House Ltd. acquired a new stake in First Trust US Equity Opportunities ETF in the 4th quarter valued at $230,000. Cassia Capital Partners LLC grew its position in First Trust US Equity Opportunities ETF by 33.9% in the 4th quarter. Cassia Capital Partners LLC now owns 64,207 shares of the company’s stock valued at $6,157,000 after purchasing an additional 16,259 shares during the period. Clarus Wealth Advisors acquired a new stake in First Trust US Equity Opportunities ETF in the 4th quarter valued at $807,000. Finally, Good Life Advisors LLC grew its position in First Trust US Equity Opportunities ETF by 2.1% in the 4th quarter. Good Life Advisors LLC now owns 56,771 shares of the company’s stock valued at $5,444,000 after purchasing an additional 1,193 shares during the period.

First Trust US Equity Opportunities ETF Trading Down 1.4 %

NYSEARCA FPX traded down $1.39 during mid-day trading on Friday, hitting $95.70. The company’s stock had a trading volume of 25,624 shares, compared to its average volume of 23,702. The company’s 50 day simple moving average is $102.23 and its 200 day simple moving average is $93.56. First Trust US Equity Opportunities ETF has a twelve month low of $75.74 and a twelve month high of $107.42. The firm has a market capitalization of $856.52 million, a price-to-earnings ratio of 17.39 and a beta of 1.09.

First Trust US Equity Opportunities ETF Company Profile

First Trust US IPO Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the IPOX-100 U.S. Index (the Index). The Fund will normally invest at least 90% of its assets in common stocks that comprise the Index. The Index is a modified value-weighted price index measuring the performance of the top 100 United States companies ranked quarterly by market capitalization in the IPOX Global Composite Index.