First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sees Strong Trading Volume – What’s Next?

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw unusually-high trading volume on Wednesday . Approximately 79,030 shares were traded during trading, an increase of 153% from the previous session’s volume of 31,256 shares.The stock last traded at $117.81 and had previously closed at $117.61.

First Trust US Equity Opportunities ETF Stock Performance

The stock has a fifty day moving average price of $128.04 and a 200-day moving average price of $119.44. The firm has a market cap of $745.53 million, a PE ratio of 30.60 and a beta of 1.25.

Institutional Trading of First Trust US Equity Opportunities ETF

A number of hedge funds have recently made changes to their positions in FPX. Stifel Financial Corp increased its stake in First Trust US Equity Opportunities ETF by 34.7% during the third quarter. Stifel Financial Corp now owns 13,607 shares of the company’s stock valued at $1,499,000 after purchasing an additional 3,508 shares during the last quarter. JPMorgan Chase & Co. raised its stake in First Trust US Equity Opportunities ETF by 34.5% during the third quarter. JPMorgan Chase & Co. now owns 444 shares of the company’s stock worth $49,000 after acquiring an additional 114 shares during the period. Blue Trust Inc. bought a new position in First Trust US Equity Opportunities ETF in the fourth quarter worth about $105,000. 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. Finally, Captrust Financial Advisors grew its holdings in shares of First Trust US Equity Opportunities ETF by 40.3% during the third quarter. Captrust Financial Advisors now owns 2,915 shares of the company’s stock valued at $321,000 after purchasing an additional 837 shares during the last quarter.

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.