First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sees Large Volume Increase – Here’s What Happened

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) shares saw strong trading volume on Tuesday . 31,547 shares traded hands during mid-day trading, an increase of 52% from the previous session’s volume of 20,807 shares.The stock last traded at $110.47 and had previously closed at $111.74.

First Trust US Equity Opportunities ETF Trading Up 1.3 %

The firm’s 50-day moving average price is $125.03 and its 200 day moving average price is $121.11. The company has a market capitalization of $741.20 million, a price-to-earnings ratio of 33.89 and a beta of 1.25.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors lifted its holdings in shares of First Trust US Equity Opportunities ETF by 31.6% during the fourth quarter. Captrust Financial Advisors now owns 3,836 shares of the company’s stock worth $458,000 after purchasing an additional 921 shares during the period. Citadel Advisors LLC raised its position in First Trust US Equity Opportunities ETF by 49.3% during the 4th quarter. Citadel Advisors LLC now owns 18,695 shares of the company’s stock worth $2,234,000 after purchasing an additional 6,172 shares during the last quarter. Banque Transatlantique SA acquired a new position in First Trust US Equity Opportunities ETF during the 4th quarter worth about $48,000. Bank of America Corp DE lifted its holdings in First Trust US Equity Opportunities ETF by 10.2% during the 4th quarter. Bank of America Corp DE now owns 142,375 shares of the company’s stock worth $17,015,000 after buying an additional 13,197 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of First Trust US Equity Opportunities ETF in the 4th quarter valued at about $2,182,000.

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.