First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sees Large Volume Increase – Still a Buy?

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw strong trading volume on Tuesday . 30,169 shares changed hands during mid-day trading, an increase of 108% from the previous session’s volume of 14,489 shares.The stock last traded at $130.19 and had previously closed at $127.56.

First Trust US Equity Opportunities ETF Stock Performance

The stock has a market capitalization of $946.88 million, a PE ratio of 20.57 and a beta of 1.56. The company’s fifty day simple moving average is $124.57 and its two-hundred day simple moving average is $112.33.

Hedge Funds Weigh In On First Trust US Equity Opportunities ETF

Several large investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new position in shares of First Trust US Equity Opportunities ETF during the third quarter valued at $39,000. JPMorgan Chase & Co. raised its holdings in shares of First Trust US Equity Opportunities ETF by 34.5% during the third quarter. JPMorgan Chase & Co. now owns 444 shares of the company’s stock valued at $49,000 after buying an additional 114 shares during the last quarter. Pathway Financial Advisers LLC acquired a new stake in First Trust US Equity Opportunities ETF in the 3rd quarter valued at approximately $52,000. Decker Retirement Planning Inc. acquired a new position in First Trust US Equity Opportunities ETF during the 4th quarter worth $70,000. Finally, Arrowroot Family Office LLC bought a new position in shares of First Trust US Equity Opportunities ETF in the third quarter worth $204,000.

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.