Morgan Stanley Grows Position in First Trust US Equity Opportunities ETF (FPX)

Morgan Stanley increased its position in First Trust US Equity Opportunities ETF (NYSEARCA:FPX) by 0.9% during the second quarter, Holdings Channel reports. The institutional investor owned 1,143,699 shares of the company’s stock after acquiring an additional 9,943 shares during the period. Morgan Stanley owned about 0.07% of First Trust US Equity Opportunities ETF worth $81,694,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its holdings in First Trust US Equity Opportunities ETF by 4.9% in the second quarter. Commonwealth Equity Services LLC now owns 138,029 shares of the company’s stock worth $9,859,000 after buying an additional 6,484 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in First Trust US Equity Opportunities ETF by 60.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 15,341 shares of the company’s stock worth $1,096,000 after buying an additional 5,773 shares during the last quarter. Citigroup Inc. increased its holdings in First Trust US Equity Opportunities ETF by 6.1% in the first quarter. Citigroup Inc. now owns 532,399 shares of the company’s stock worth $36,496,000 after buying an additional 30,812 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in First Trust US Equity Opportunities ETF by 13.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 10,330 shares of the company’s stock worth $738,000 after buying an additional 1,228 shares during the last quarter. Finally, Cornerstone Wealth Management LLC increased its holdings in First Trust US Equity Opportunities ETF by 7,037.4% in the second quarter. Cornerstone Wealth Management LLC now owns 631,302 shares of the company’s stock worth $8,791,000 after buying an additional 622,457 shares during the last quarter.

NYSEARCA:FPX opened at $74.59 on Monday. First Trust US Equity Opportunities ETF has a 52 week low of $62.79 and a 52 week high of $75.99.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Monday, September 17th will be issued a $0.0991 dividend. The ex-dividend date is Friday, September 14th. This represents a $0.40 dividend on an annualized basis and a yield of 0.53%.

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.

See Also: Diversification in Investing

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Institutional Ownership by Quarter for First Trust US Equity Opportunities ETF (NYSEARCA:FPX)

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