First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Shares Up 5.2% – Time to Buy?

First Trust US Equity Opportunities ETF (NYSEARCA:FPX)’s stock price rose 5.2% during trading on Monday . The company traded as high as $113.21 and last traded at $114.11. Approximately 13,525 shares traded hands during trading, a decline of 61% from the average daily volume of 34,284 shares. The stock had previously closed at $108.49.

First Trust US Equity Opportunities ETF Trading Up 1.1 %

The stock has a market cap of $759.10 million, a P/E ratio of 30.60 and a beta of 1.25. The business’s 50 day moving average price is $126.68 and its two-hundred day moving average price is $119.99.

Institutional Trading of First Trust US Equity Opportunities ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Atria Investments Inc boosted its position in shares of First Trust US Equity Opportunities ETF by 3.0% in the 3rd quarter. Atria Investments Inc now owns 12,193 shares of the company’s stock worth $1,344,000 after purchasing an additional 357 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in First Trust US Equity Opportunities ETF by 5.7% in the third quarter. Oppenheimer & Co. Inc. now owns 2,413 shares of the company’s stock worth $266,000 after acquiring an additional 131 shares in the last quarter. Captrust Financial Advisors boosted its holdings in First Trust US Equity Opportunities ETF by 40.3% in the third quarter. Captrust Financial Advisors now owns 2,915 shares of the company’s stock worth $321,000 after acquiring an additional 837 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of First Trust US Equity Opportunities ETF in the third quarter worth $592,000. Finally, Arrowroot Family Office LLC bought a new position in shares of First Trust US Equity Opportunities ETF during the third quarter valued at $204,000.

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.