First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Reaches New 1-Year High – Here’s What Happened

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $140.38 and last traded at $140.13, with a volume of 11229 shares trading hands. The stock had previously closed at $135.53.

First Trust US Equity Opportunities ETF Trading Up 2.2 %

The stock’s 50 day moving average is $126.76 and its two-hundred day moving average is $116.02. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 20.57 and a beta of 1.56.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in shares of First Trust US Equity Opportunities ETF by 43.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 76,318 shares of the company’s stock worth $9,121,000 after buying an additional 23,228 shares during the last quarter. World Investment Advisors raised its holdings in First Trust US Equity Opportunities ETF by 4.3% during the fourth quarter. World Investment Advisors now owns 2,440 shares of the company’s stock worth $292,000 after acquiring an additional 100 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in First Trust US Equity Opportunities ETF by 373.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 417 shares of the company’s stock valued at $50,000 after purchasing an additional 329 shares during the last quarter. JPMorgan Chase & Co. grew its stake in First Trust US Equity Opportunities ETF by 296.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,761 shares of the company’s stock valued at $211,000 after purchasing an additional 1,317 shares in the last quarter. Finally, Morey & Quinn Wealth Partners LLC acquired a new position in shares of First Trust US Equity Opportunities ETF during the 4th quarter worth approximately $557,000.

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.