Purus Wealth Management LLC Cuts Stock Position in First Trust US Equity Opportunities ETF (NYSEARCA:FPX)

Purus Wealth Management LLC cut its holdings in First Trust US Equity Opportunities ETF (NYSEARCA:FPX) by 7.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,207 shares of the company’s stock after selling 169 shares during the quarter. Purus Wealth Management LLC’s holdings in First Trust US Equity Opportunities ETF were worth $219,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FPX. Commerce Bank acquired a new position in shares of First Trust US Equity Opportunities ETF during the fourth quarter valued at approximately $211,000. Able Wealth Management LLC acquired a new position in shares of First Trust US Equity Opportunities ETF during the fourth quarter valued at approximately $75,000. ICA Group Wealth Management LLC raised its holdings in shares of First Trust US Equity Opportunities ETF by 15.5% during the fourth quarter. ICA Group Wealth Management LLC now owns 5,267 shares of the company’s stock valued at $505,000 after acquiring an additional 707 shares during the last quarter. Mather Group LLC. acquired a new position in shares of First Trust US Equity Opportunities ETF during the first quarter valued at approximately $26,000. Finally, RFG Advisory LLC raised its holdings in shares of First Trust US Equity Opportunities ETF by 19.3% during the first quarter. RFG Advisory LLC now owns 3,631 shares of the company’s stock valued at $384,000 after acquiring an additional 587 shares during the last quarter.

First Trust US Equity Opportunities ETF Price Performance

Shares of First Trust US Equity Opportunities ETF stock opened at $106.93 on Wednesday. The business has a 50 day simple moving average of $100.44 and a two-hundred day simple moving average of $101.16. First Trust US Equity Opportunities ETF has a 12 month low of $75.74 and a 12 month high of $107.42. The stock has a market capitalization of $780.59 million, a P/E ratio of 20.57 and a beta of 1.56.

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.