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

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) shares hit a new 52-week high on Wednesday . The company traded as high as $114.23 and last traded at $114.19, with a volume of 4697 shares changing hands. The stock had previously closed at $113.38.

First Trust US Equity Opportunities ETF Stock Up 0.5 %

The firm has a market capitalization of $836.24 million, a PE ratio of 20.57 and a beta of 1.56. The business’s 50-day moving average price is $105.73 and its 200-day moving average price is $102.20.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its stake in shares of First Trust US Equity Opportunities ETF by 23.2% during the 1st quarter. Cetera Investment Advisers now owns 130,004 shares of the company’s stock worth $13,754,000 after purchasing an additional 24,514 shares in the last quarter. SageView Advisory Group LLC bought a new position in First Trust US Equity Opportunities ETF during the first quarter valued at approximately $7,567,000. Cetera Advisors LLC lifted its stake in First Trust US Equity Opportunities ETF by 94.9% in the first quarter. Cetera Advisors LLC now owns 58,906 shares of the company’s stock valued at $6,232,000 after acquiring an additional 28,679 shares during the last quarter. Lloyd Advisory Services LLC. bought a new stake in First Trust US Equity Opportunities ETF in the third quarter worth approximately $1,789,000. Finally, Signature Estate & Investment Advisors LLC bought a new stake in First Trust US Equity Opportunities ETF in the second quarter worth approximately $1,323,000.

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.