First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sets New 52-Week High – What’s Next?

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $204.04 and last traded at $204.04, with a volume of 1961 shares changing hands. The stock had previously closed at $201.44.

First Trust US Equity Opportunities ETF Stock Performance

The company has a market cap of $1.50 billion, a P/E ratio of 32.81 and a beta of 1.28. The business’s fifty day moving average is $188.81 and its two-hundred day moving average is $173.74.

Hedge Funds Weigh In On First Trust US Equity Opportunities ETF

Institutional investors have recently made changes to their positions in the company. WealthPLAN Partners LLC raised its holdings in First Trust US Equity Opportunities ETF by 4.9% during the fourth quarter. WealthPLAN Partners LLC now owns 1,294 shares of the company’s stock worth $212,000 after purchasing an additional 61 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of First Trust US Equity Opportunities ETF by 1.2% in the 3rd quarter. Advisory Services Network LLC now owns 6,150 shares of the company’s stock valued at $1,022,000 after purchasing an additional 74 shares during the period. Blair William & Co. IL grew its stake in First Trust US Equity Opportunities ETF by 21.1% during the 4th quarter. Blair William & Co. IL now owns 533 shares of the company’s stock worth $87,000 after buying an additional 93 shares during the last quarter. NewEdge Advisors LLC increased its position in First Trust US Equity Opportunities ETF by 1.3% during the first quarter. NewEdge Advisors LLC now owns 8,745 shares of the company’s stock worth $977,000 after buying an additional 110 shares during the period. Finally, World Investment Advisors lifted its stake in First Trust US Equity Opportunities ETF by 3.2% in the fourth quarter. World Investment Advisors now owns 3,892 shares of the company’s stock valued at $637,000 after buying an additional 120 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. The Index utilizes a 10% capping on all constituents and includes the 100 largest, typically best-performing and most liquid initial public offerings (IPOs) of the United States companies in the IPOX Global Composite Index.