First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Hits New 12-Month High – What’s Next?

Shares of First Trust US Equity Opportunities ETF (NYSEARCA:FPX) hit a new 52-week high during trading on Wednesday . The company traded as high as $115.22 and last traded at $115.22, with a volume of 1747 shares trading hands. The stock had previously closed at $114.24.

First Trust US Equity Opportunities ETF Trading Down 0.2 %

The firm has a market cap of $814.10 million, a PE ratio of 20.57 and a beta of 1.56. The stock has a fifty day simple moving average of $108.40 and a two-hundred day simple moving average of $102.93.

Hedge Funds Weigh In On First Trust US Equity Opportunities ETF

A number of large investors have recently modified their holdings of the company. Pathway Financial Advisers LLC bought a new position in shares of First Trust US Equity Opportunities ETF in the third quarter worth approximately $52,000. International Assets Investment Management LLC purchased a new position in shares of First Trust US Equity Opportunities ETF during the second quarter valued at approximately $62,000. Dynamic Advisor Solutions LLC bought a new stake in shares of First Trust US Equity Opportunities ETF in the 3rd quarter worth approximately $216,000. Sanctuary Advisors LLC purchased a new stake in shares of First Trust US Equity Opportunities ETF in the 2nd quarter worth approximately $218,000. Finally, Ameritas Advisory Services LLC bought a new position in First Trust US Equity Opportunities ETF during the 2nd quarter valued at approximately $308,000.

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.