First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sets New 12-Month High – Here’s Why

First Trust US Equity Opportunities ETF (NYSEARCA:FPX)’s share price reached a new 52-week high on Thursday . The company traded as high as $132.36 and last traded at $132.15, with a volume of 9915 shares changing hands. The stock had previously closed at $131.26.

First Trust US Equity Opportunities ETF Stock Performance

The firm has a market capitalization of $964.33 million, a PE ratio of 20.57 and a beta of 1.56. The business’s 50 day moving average is $124.84 and its two-hundred day moving average is $112.67.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new stake in First Trust US Equity Opportunities ETF during the third quarter valued at $39,000. JPMorgan Chase & Co. raised its holdings in shares of First Trust US Equity Opportunities ETF by 34.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 444 shares of the company’s stock valued at $49,000 after acquiring an additional 114 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of First Trust US Equity Opportunities ETF during the 3rd quarter valued at about $52,000. Decker Retirement Planning Inc. purchased a new position in shares of First Trust US Equity Opportunities ETF during the fourth quarter worth about $70,000. Finally, Arrowroot Family Office LLC bought a new position in shares of First Trust US Equity Opportunities ETF in the third quarter worth approximately $204,000.

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.