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

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) hit a new 52-week high during trading on Thursday . The stock traded as high as $140.38 and last traded at $140.13, with a volume of 11229 shares. The stock had previously closed at $135.53.

First Trust US Equity Opportunities ETF Price Performance

The company has a market capitalization of $1.04 billion, a P/E ratio of 20.57 and a beta of 1.56. The company has a fifty day moving average price of $127.15 and a two-hundred day moving average price of $116.48.

Institutional Trading of First Trust US Equity Opportunities ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FPX. Stifel Financial Corp boosted its holdings in 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 valued at $1,499,000 after acquiring an additional 3,508 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in First Trust US Equity Opportunities ETF by 34.5% in 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 period. Wilmington Savings Fund Society FSB acquired a new position in First Trust US Equity Opportunities ETF in the third quarter valued at approximately $39,000. Sanctuary Advisors LLC acquired a new position in First Trust US Equity Opportunities ETF in the second quarter valued at approximately $218,000. Finally, Captrust Financial Advisors lifted its stake in 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 valued at $321,000 after buying an additional 837 shares during the period.

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.