NewEdge Advisors LLC Sells 6,057 Shares of First Trust US Equity Opportunities ETF $FPX

NewEdge Advisors LLC lowered its position in shares of First Trust US Equity Opportunities ETF (NYSEARCA:FPX) by 18.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,977 shares of the company’s stock after selling 6,057 shares during the quarter. NewEdge Advisors LLC owned 0.37% of First Trust US Equity Opportunities ETF worth $4,284,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Comerica Bank raised its position in First Trust US Equity Opportunities ETF by 457.6% in the third quarter. Comerica Bank now owns 184 shares of the company’s stock worth $31,000 after acquiring an additional 151 shares during the period. Fifth Third Bancorp purchased a new stake in shares of First Trust US Equity Opportunities ETF during the 1st quarter worth approximately $32,000. Osbon Capital Management LLC bought a new stake in shares of First Trust US Equity Opportunities ETF in the 4th quarter worth approximately $43,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of First Trust US Equity Opportunities ETF in the 4th quarter worth approximately $59,000. Finally, International Assets Investment Management LLC purchased a new position in First Trust US Equity Opportunities ETF in the fourth quarter valued at approximately $86,000.

First Trust US Equity Opportunities ETF Trading Up 2.8%

Shares of NYSEARCA FPX opened at $186.22 on Thursday. The stock has a fifty day simple moving average of $189.62 and a two-hundred day simple moving average of $178.15. First Trust US Equity Opportunities ETF has a 1-year low of $142.97 and a 1-year high of $206.18. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 32.81 and a beta of 1.28.

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. 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.