First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sees Strong Trading Volume – Time to Buy?

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw unusually-strong trading volume on Wednesday . Approximately 101,307 shares were traded during mid-day trading, an increase of 294% from the previous session’s volume of 25,734 shares.The stock last traded at $135.14 and had previously closed at $134.01.

First Trust US Equity Opportunities ETF Price Performance

The firm has a market capitalization of $990.10 million, a PE ratio of 20.57 and a beta of 1.56. The firm has a 50-day simple moving average of $126.20 and a 200-day simple moving average of $114.90.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of First Trust US Equity Opportunities ETF during the 3rd quarter valued at about $39,000. Assetmark Inc. purchased a new position in shares of First Trust US Equity Opportunities ETF during the 4th quarter valued at about $47,000. JPMorgan Chase & Co. raised its stake in First Trust US Equity Opportunities ETF by 34.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 444 shares of the company’s stock valued at $49,000 after purchasing an additional 114 shares during the period. Pathway Financial Advisers LLC bought a new stake in First Trust US Equity Opportunities ETF during the 3rd quarter valued at approximately $52,000. Finally, Decker Retirement Planning Inc. bought a new stake in First Trust US Equity Opportunities ETF during the 4th quarter valued at approximately $70,000.

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.