First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Stock Price Down 1.2% – Should You Sell?

Shares of First Trust US Equity Opportunities ETF (NYSEARCA:FPX) fell 1.2% during mid-day trading on Monday . The stock traded as low as $118.01 and last traded at $119.36. 12,072 shares changed hands during trading, a decline of 14% from the average session volume of 13,967 shares. The stock had previously closed at $120.82.

First Trust US Equity Opportunities ETF Price Performance

The company’s 50-day simple moving average is $123.93 and its 200-day simple moving average is $111.28. The stock has a market capitalization of $871.33 million, a price-to-earnings ratio of 20.57 and a beta of 1.56.

Institutional Trading of First Trust US Equity Opportunities ETF

Several institutional investors have recently added to or reduced their stakes in the company. Creative Planning lifted its holdings in shares of First Trust US Equity Opportunities ETF by 71.7% during the second quarter. Creative Planning now owns 7,074 shares of the company’s stock worth $703,000 after buying an additional 2,954 shares in the last quarter. Sanctuary Advisors LLC bought a new position in First Trust US Equity Opportunities ETF during the second quarter worth about $218,000. Eclectic Associates Inc. ADV acquired a new stake in First Trust US Equity Opportunities ETF in the 3rd quarter worth about $399,000. Dynamic Advisor Solutions LLC bought a new stake in First Trust US Equity Opportunities ETF in the 3rd quarter valued at about $216,000. Finally, Clarus Wealth Advisors grew its position in shares of First Trust US Equity Opportunities ETF by 5.1% during the 3rd quarter. Clarus Wealth Advisors now owns 7,702 shares of the company’s stock worth $849,000 after purchasing an additional 373 shares in the last quarter.

About First Trust US Equity Opportunities ETF

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.