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

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

First Trust US Equity Opportunities ETF Price Performance

The stock has a market capitalization of $921.11 million, a PE ratio of 20.57 and a beta of 1.56. The business’s fifty day moving average price is $113.63 and its two-hundred day moving average price is $105.06.

Institutional Trading of First Trust US Equity Opportunities ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pathway Financial Advisers LLC acquired a new stake in First Trust US Equity Opportunities ETF during the third quarter valued at $52,000. International Assets Investment Management LLC purchased a new position in shares of First Trust US Equity Opportunities ETF during the 2nd quarter valued at approximately $62,000. Arrowroot Family Office LLC acquired a new position in First Trust US Equity Opportunities ETF during the third quarter worth $204,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of First Trust US Equity Opportunities ETF during the third quarter worth about $216,000. Finally, Sanctuary Advisors LLC purchased a new stake in First Trust US Equity Opportunities ETF during the 2nd quarter worth approximately $218,000.

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.