Kovack Advisors Inc. Has $611,000 Holdings in First Trust US Equity Opportunities ETF (NYSEARCA:FPX)

Kovack Advisors Inc. trimmed its position in shares of First Trust US Equity Opportunities ETF (NYSEARCA:FPX) by 7.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,549 shares of the company’s stock after selling 425 shares during the quarter. Kovack Advisors Inc. owned approximately 0.08% of First Trust US Equity Opportunities ETF worth $611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Cetera Investment Advisers raised its holdings in First Trust US Equity Opportunities ETF by 23.2% during the first quarter. Cetera Investment Advisers now owns 130,004 shares of the company’s stock valued at $13,754,000 after buying an additional 24,514 shares in the last quarter. Cetera Advisors LLC lifted its holdings in First Trust US Equity Opportunities ETF by 94.9% in the 1st quarter. Cetera Advisors LLC now owns 58,906 shares of the company’s stock worth $6,232,000 after purchasing an additional 28,679 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in First Trust US Equity Opportunities ETF during the third quarter worth approximately $5,178,000. Proactive Wealth Strategies LLC acquired a new position in First Trust US Equity Opportunities ETF during the third quarter valued at approximately $2,112,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of First Trust US Equity Opportunities ETF in the third quarter valued at approximately $1,789,000.

First Trust US Equity Opportunities ETF Trading Down 1.6 %

NYSEARCA FPX opened at $121.30 on Friday. First Trust US Equity Opportunities ETF has a 1 year low of $84.77 and a 1 year high of $126.25. The company has a fifty day simple moving average of $111.86 and a 200 day simple moving average of $104.40. The company has a market cap of $885.49 million, a P/E ratio of 20.57 and a beta of 1.56.

First Trust US Equity Opportunities ETF 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.