First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Hits New 1-Year High – Still a Buy?

First Trust US Equity Opportunities ETF (NYSEARCA:FPX)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $130.77 and last traded at $130.68, with a volume of 1541 shares traded. The stock had previously closed at $129.07.

First Trust US Equity Opportunities ETF Stock Performance

The company has a market cap of $954.11 million, a P/E ratio of 20.57 and a beta of 1.56. The firm has a 50 day moving average price of $118.12 and a 200-day moving average price of $106.97.

Hedge Funds Weigh In On First Trust US Equity Opportunities ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FPX. Wilmington Savings Fund Society FSB bought a new position in First Trust US Equity Opportunities ETF during the third quarter worth about $39,000. Pathway Financial Advisers LLC acquired a new position in shares of First Trust US Equity Opportunities ETF in the 3rd quarter worth approximately $52,000. International Assets Investment Management LLC bought a new position in shares of First Trust US Equity Opportunities ETF during the 2nd quarter worth approximately $62,000. Arrowroot Family Office LLC acquired a new stake in First Trust US Equity Opportunities ETF in the 3rd quarter valued at $204,000. Finally, Dynamic Advisor Solutions LLC bought a new stake in First Trust US Equity Opportunities ETF in the third quarter valued at $216,000.

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.