First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Hits New 12-Month High – Time to Buy?

by · The Cerbat Gem

First Trust US Equity Opportunities ETF (NYSEARCA:FPX – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $171.12 and last traded at $171.2140, with a volume of 1654 shares traded. The stock had previously closed at $168.26.

First Trust US Equity Opportunities ETF Stock Performance

The business has a fifty day moving average price of $163.16 and a 200 day moving average price of $153.65. The company has a market capitalization of $1.22 billion, a PE ratio of 32.81 and a beta of 1.26.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Cambria Investment Management L.P. purchased a new stake in First Trust US Equity Opportunities ETF during the third quarter worth approximately $216,000. Advisory Services Network LLC raised its stake 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 acquiring an additional 74 shares during the period. Wiser Advisor Group LLC acquired a new position in shares of First Trust US Equity Opportunities ETF during the 3rd quarter valued at $221,000. Triumph Capital Management boosted its position in First Trust US Equity Opportunities ETF by 44.0% during the 3rd quarter. Triumph Capital Management now owns 3,009 shares of the company’s stock worth $500,000 after purchasing an additional 920 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in First Trust US Equity Opportunities ETF by 546.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 6,749 shares of the company’s stock worth $1,121,000 after purchasing an additional 5,705 shares during the period.

First Trust US Equity Opportunities ETF Company Profile

(Get Free Report)

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.

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