Fernwood Investment Management LLC Sells 530 Shares of First Trust US Equity Opportunities ETF (NYSEARCA:FPX)

Fernwood Investment Management LLC cut its holdings in First Trust US Equity Opportunities ETF (NYSEARCA:FPX) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,484 shares of the company’s stock after selling 530 shares during the period. Fernwood Investment Management LLC owned about 0.21% of First Trust US Equity Opportunities ETF worth $1,706,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Pathway Financial Advisers LLC bought a new stake in First Trust US Equity Opportunities ETF in the third quarter worth about $52,000. International Assets Investment Management LLC bought a new stake in shares of First Trust US Equity Opportunities ETF in the 2nd quarter worth approximately $62,000. Dynamic Advisor Solutions LLC purchased a new position in First Trust US Equity Opportunities ETF in the third quarter valued at approximately $216,000. Sanctuary Advisors LLC bought a new position in First Trust US Equity Opportunities ETF during the second quarter valued at $218,000. Finally, Ameritas Advisory Services LLC purchased a new stake in First Trust US Equity Opportunities ETF in the second quarter worth $308,000.

First Trust US Equity Opportunities ETF Price Performance

Shares of FPX traded down $0.29 during mid-day trading on Friday, hitting $111.44. The stock had a trading volume of 44,949 shares, compared to its average volume of 18,765. The firm has a market cap of $813.52 million, a P/E ratio of 20.57 and a beta of 1.56. First Trust US Equity Opportunities ETF has a 52 week low of $78.90 and a 52 week high of $115.22. The business has a fifty day moving average price of $108.55 and a 200-day moving average price of $103.05.

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.