Kovack Advisors Inc. Sells 425 Shares of First Trust US Equity Opportunities ETF (NYSEARCA:FPX)

Kovack Advisors Inc. cut its stake in shares of First Trust US Equity Opportunities ETF (NYSEARCA:FPX) by 7.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,549 shares of the company’s stock after selling 425 shares during the period. Kovack Advisors Inc.’s holdings in First Trust US Equity Opportunities ETF were worth $611,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in FPX. Pathway Financial Advisers LLC acquired a new position in shares of First Trust US Equity Opportunities ETF in the third quarter valued at about $52,000. International Assets Investment Management LLC bought a new position in shares of First Trust US Equity Opportunities ETF during the second quarter worth approximately $62,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of First Trust US Equity Opportunities ETF in the third quarter valued at approximately $216,000. Sanctuary Advisors LLC bought a new stake in shares of First Trust US Equity Opportunities ETF in the second quarter valued at approximately $218,000. Finally, Oppenheimer & Co. Inc. grew its position in 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 buying an additional 131 shares in the last quarter.

First Trust US Equity Opportunities ETF Price Performance

Shares of NYSEARCA FPX opened at $121.30 on Friday. The business has a fifty day moving average price of $111.86 and a two-hundred day moving average price of $104.40. The stock has a market capitalization of $885.49 million, a PE ratio of 20.57 and a beta of 1.56. First Trust US Equity Opportunities ETF has a fifty-two week low of $84.77 and a fifty-two week high of $126.25.

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.