First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sets New 12-Month High – What’s Next?

First Trust US Equity Opportunities ETF (NYSEARCA:FPX)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $117.46 and last traded at $117.40, with a volume of 1300 shares changing hands. The stock had previously closed at $113.98.

First Trust US Equity Opportunities ETF Stock Performance

The business’s fifty day moving average is $108.91 and its two-hundred day moving average is $103.32. The company has a market cap of $864.76 million, a P/E ratio of 20.57 and a beta of 1.56.

Hedge Funds Weigh In On First Trust US Equity Opportunities ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Pathway Financial Advisers LLC acquired a new position in shares of First Trust US Equity Opportunities ETF in the third quarter valued at approximately $52,000. International Assets Investment Management LLC purchased a new position in First Trust US Equity Opportunities ETF during the 2nd quarter worth approximately $62,000. Dynamic Advisor Solutions LLC acquired a new position in shares of First Trust US Equity Opportunities ETF in the 3rd quarter valued at $216,000. Sanctuary Advisors LLC purchased a new stake in First Trust US Equity Opportunities ETF in the 2nd quarter valued at $218,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of First Trust US Equity Opportunities ETF by 5.7% during the third quarter. Oppenheimer & Co. Inc. now owns 2,413 shares of the company’s stock worth $266,000 after purchasing an additional 131 shares during the period.

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.