First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Hits New 1-Year High – Here’s What Happened

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) hit a new 52-week high during trading on Wednesday . The company traded as high as $117.46 and last traded at $117.40, with a volume of 1300 shares trading hands. The stock had previously closed at $113.98.

First Trust US Equity Opportunities ETF Price Performance

The firm has a market capitalization of $864.76 million, a PE ratio of 20.57 and a beta of 1.56. The company’s fifty day simple moving average is $108.91 and its 200 day simple moving average is $103.32.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

A number of large investors have recently added to or reduced their stakes in FPX. Pathway Financial Advisers LLC bought a new position in shares of First Trust US Equity Opportunities ETF during the third quarter valued at $52,000. International Assets Investment Management LLC purchased a new position in First Trust US Equity Opportunities ETF during the second quarter valued at approximately $62,000. Dynamic Advisor Solutions LLC purchased a new position in shares of First Trust US Equity Opportunities ETF in the third quarter valued at about $216,000. Sanctuary Advisors LLC purchased a new stake in First Trust US Equity Opportunities ETF during the 2nd quarter valued at approximately $218,000. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of First Trust US Equity Opportunities ETF by 5.7% in the third quarter. Oppenheimer & Co. Inc. now owns 2,413 shares of the company’s stock worth $266,000 after purchasing an additional 131 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.