First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sets New 52-Week High – What’s Next?

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $143.53 and last traded at $143.53, with a volume of 43362 shares changing hands. The stock had previously closed at $142.25.

First Trust US Equity Opportunities ETF Price Performance

The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 20.57 and a beta of 1.56. The firm has a 50 day moving average price of $127.45 and a 200-day moving average price of $117.04.

Hedge Funds Weigh In On First Trust US Equity Opportunities ETF

Large investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in First Trust US Equity Opportunities ETF in the fourth quarter valued at about $14,196,000. Janney Montgomery Scott LLC bought a new stake in First Trust US Equity Opportunities ETF in the third quarter valued at about $5,178,000. Truist Financial Corp increased its holdings in First Trust US Equity Opportunities ETF by 61.3% in the fourth quarter. Truist Financial Corp now owns 61,185 shares of the company’s stock valued at $7,312,000 after purchasing an additional 23,260 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in First Trust US Equity Opportunities ETF by 43.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 76,318 shares of the company’s stock valued at $9,121,000 after purchasing an additional 23,228 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in First Trust US Equity Opportunities ETF in the fourth quarter valued at about $2,543,000.

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.