First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Hits New 12-Month High – Should You Buy?

First Trust US Equity Opportunities ETF (NYSEARCA:FPX)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $127.11 and last traded at $126.71, with a volume of 18803 shares. The stock had previously closed at $124.44.

First Trust US Equity Opportunities ETF Stock Performance

The business’s fifty day simple moving average is $114.08 and its 200 day simple moving average is $105.21. The stock has a market cap of $937.86 million, a price-to-earnings ratio of 20.57 and a beta of 1.56.

Hedge Funds Weigh In On First Trust US Equity Opportunities ETF

A number of institutional investors have recently made changes to their positions in FPX. Stifel Financial Corp increased its stake in shares of First Trust US Equity Opportunities ETF by 34.7% in the third quarter. Stifel Financial Corp now owns 13,607 shares of the company’s stock worth $1,499,000 after buying an additional 3,508 shares during the last quarter. Arrowroot Family Office LLC bought a new stake in shares of First Trust US Equity Opportunities ETF in the third quarter worth $204,000. Benjamin Edwards Inc. bought a new stake in shares of First Trust US Equity Opportunities ETF in the third quarter worth $592,000. Captrust Financial Advisors increased its stake in shares of First Trust US Equity Opportunities ETF by 40.3% in the third quarter. Captrust Financial Advisors now owns 2,915 shares of the company’s stock worth $321,000 after buying an additional 837 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in shares of First Trust US Equity Opportunities ETF by 5.7% in the third quarter. Oppenheimer & Co. Inc. now owns 2,413 shares of the company’s stock worth $266,000 after buying an additional 131 shares during the last quarter.

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.