Gateway Wealth Partners LLC Increases Stock Position in First Trust US Equity Opportunities ETF $FPX

Gateway Wealth Partners LLC raised its stake in shares of First Trust US Equity Opportunities ETF (NYSEARCA:FPX) by 117.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,803 shares of the company’s stock after purchasing an additional 9,089 shares during the period. Gateway Wealth Partners LLC’s holdings in First Trust US Equity Opportunities ETF were worth $2,668,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in FPX. Northwestern Mutual Wealth Management Co. grew its position in shares of First Trust US Equity Opportunities ETF by 5,572.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 382,823 shares of the company’s stock valued at $62,626,000 after purchasing an additional 376,074 shares in the last quarter. Systelligence LLC purchased a new stake in shares of First Trust US Equity Opportunities ETF in the fourth quarter worth about $18,065,000. BNP Paribas Financial Markets purchased a new stake in shares of First Trust US Equity Opportunities ETF in the third quarter worth about $8,308,000. Ethos Financial Group LLC bought a new position in First Trust US Equity Opportunities ETF during the first quarter valued at approximately $7,226,000. Finally, Kingsview Wealth Management LLC bought a new position in First Trust US Equity Opportunities ETF during the fourth quarter valued at approximately $6,126,000.

First Trust US Equity Opportunities ETF Price Performance

NYSEARCA FPX opened at $181.57 on Tuesday. First Trust US Equity Opportunities ETF has a 1-year low of $142.97 and a 1-year high of $206.18. The business has a 50 day simple moving average of $192.15 and a two-hundred day simple moving average of $177.07. The stock has a market capitalization of $1.51 billion, a PE ratio of 32.81 and a beta of 1.26.

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. 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.