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

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) reached a new 52-week high during trading on Wednesday . The company traded as high as $115.22 and last traded at $115.22, with a volume of 1747 shares changing hands. The stock had previously closed at $114.24.

First Trust US Equity Opportunities ETF Stock Performance

The business’s fifty day moving average price is $107.97 and its two-hundred day moving average price is $102.79. The stock has a market capitalization of $836.73 million, a P/E ratio of 20.57 and a beta of 1.56.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

Several institutional investors have recently made changes to their positions in FPX. Cetera Investment Advisers boosted its holdings in First Trust US Equity Opportunities ETF by 23.2% during the 1st quarter. Cetera Investment Advisers now owns 130,004 shares of the company’s stock valued at $13,754,000 after acquiring an additional 24,514 shares during the period. SageView Advisory Group LLC purchased a new stake in shares of First Trust US Equity Opportunities ETF during the first quarter valued at $7,567,000. Cetera Advisors LLC boosted its stake in shares of First Trust US Equity Opportunities ETF by 94.9% during the first quarter. Cetera Advisors LLC now owns 58,906 shares of the company’s stock valued at $6,232,000 after purchasing an additional 28,679 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of First Trust US Equity Opportunities ETF in the third quarter worth about $5,178,000. Finally, Lloyd Advisory Services LLC. purchased a new position in First Trust US Equity Opportunities ETF in the 3rd quarter worth about $1,789,000.

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.