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

Shares of First Trust US Equity Opportunities ETF (NYSEARCA:FPX) hit a new 52-week high on Wednesday . The company traded as high as $143.53 and last traded at $143.53, with a volume of 43362 shares traded. The stock had previously closed at $142.25.

First Trust US Equity Opportunities ETF Stock Performance

The firm has a market cap of $994.77 million, a price-to-earnings ratio of 20.57 and a beta of 1.56. The business has a fifty day simple moving average of $128.34 and a 200-day simple moving average of $117.69.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Householder Group Estate & Retirement Specialist LLC raised its position in First Trust US Equity Opportunities ETF by 1.5% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 6,603 shares of the company’s stock worth $789,000 after purchasing an additional 96 shares during the last quarter. Patten Group Inc. increased its stake in shares of First Trust US Equity Opportunities ETF by 3.2% in the fourth quarter. Patten Group Inc. now owns 3,063 shares of the company’s stock valued at $366,000 after buying an additional 96 shares during the period. World Investment Advisors raised its position in shares of First Trust US Equity Opportunities ETF by 4.3% during the fourth quarter. World Investment Advisors now owns 2,440 shares of the company’s stock worth $292,000 after acquiring an additional 100 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of First Trust US Equity Opportunities ETF by 34.5% in the third quarter. JPMorgan Chase & Co. now owns 444 shares of the company’s stock worth $49,000 after acquiring an additional 114 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in 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 valued at $266,000 after acquiring an additional 131 shares during the last quarter.

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.