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

Shares of First Trust US Equity Opportunities ETF (NYSEARCA:FPX) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $192.99 and last traded at $192.99, with a volume of 7192 shares traded. The stock had previously closed at $188.90.

First Trust US Equity Opportunities ETF Stock Up 2.3%

The company has a market cap of $1.42 billion, a PE ratio of 32.81 and a beta of 1.27. The stock has a 50-day moving average of $174.04 and a 200-day moving average of $167.80.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its position in shares of First Trust US Equity Opportunities ETF by 5,572.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 382,823 shares of the company’s stock worth $62,626,000 after buying an additional 376,074 shares in the last quarter. Wells Fargo & Company MN raised its position in First Trust US Equity Opportunities ETF by 3.5% during the fourth quarter. Wells Fargo & Company MN now owns 340,788 shares of the company’s stock valued at $55,750,000 after purchasing an additional 11,677 shares in the last quarter. Bank of America Corp DE raised its position in First Trust US Equity Opportunities ETF by 43.3% during the first quarter. Bank of America Corp DE now owns 204,237 shares of the company’s stock valued at $32,435,000 after purchasing an additional 61,752 shares in the last quarter. Raymond James Financial Inc. raised its position in First Trust US Equity Opportunities ETF by 7.7% during the third quarter. Raymond James Financial Inc. now owns 156,672 shares of the company’s stock valued at $26,033,000 after purchasing an additional 11,169 shares in the last quarter. Finally, Royal Bank of Canada raised its position in First Trust US Equity Opportunities ETF by 57.7% during the first quarter. Royal Bank of Canada now owns 112,977 shares of the company’s stock valued at $17,941,000 after purchasing an additional 41,319 shares in 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. The Index utilizes a 10% capping on all constituents and includes the 100 largest, typically best-performing and most liquid initial public offerings (IPOs) of the United States companies in the IPOX Global Composite Index.