First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sees Unusually-High Trading Volume – Time to Buy?

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw strong trading volume on Tuesday . 89,263 shares traded hands during mid-day trading, an increase of 168% from the previous session’s volume of 33,295 shares.The stock last traded at $108.69 and had previously closed at $106.21.

First Trust US Equity Opportunities ETF Price Performance

The stock’s 50 day simple moving average is $127.55 and its two-hundred day simple moving average is $119.78. The firm has a market cap of $721.46 million, a P/E ratio of 30.60 and a beta of 1.25.

Hedge Funds Weigh In On First Trust US Equity Opportunities ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new position in First Trust US Equity Opportunities ETF during the 3rd quarter valued at about $39,000. Atala Financial Inc purchased a new position in shares of First Trust US Equity Opportunities ETF during the fourth quarter valued at approximately $40,000. Assetmark Inc. bought a new position in First Trust US Equity Opportunities ETF during the fourth quarter valued at approximately $47,000. Banque Transatlantique SA bought a new stake in First Trust US Equity Opportunities ETF in the 4th quarter worth approximately $48,000. Finally, JPMorgan Chase & Co. raised its stake in First Trust US Equity Opportunities ETF by 34.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 444 shares of the company’s stock valued at $49,000 after buying an additional 114 shares during the last quarter.

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.