First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Reaches New 52-Week High – Here’s What Happened

First Trust US Equity Opportunities ETF (NYSEARCA:FPX)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $202.95 and last traded at $202.41, with a volume of 9987 shares trading hands. The stock had previously closed at $200.41.

First Trust US Equity Opportunities ETF Stock Performance

The business has a 50-day moving average of $186.94 and a 200-day moving average of $172.90. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 32.81 and a beta of 1.28.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

A number of institutional investors have recently made changes to their positions in FPX. Reyes Financial Architecture Inc. acquired a new position in shares of First Trust US Equity Opportunities ETF in the 3rd quarter worth approximately $28,000. Comerica Bank boosted its position in shares of First Trust US Equity Opportunities ETF by 457.6% during the 3rd quarter. Comerica Bank now owns 184 shares of the company’s stock worth $31,000 after purchasing an additional 151 shares during the period. Fifth Third Bancorp acquired a new stake in First Trust US Equity Opportunities ETF in the 1st quarter valued at approximately $32,000. Ameriflex Group Inc. acquired a new stake in First Trust US Equity Opportunities ETF in the 3rd quarter valued at approximately $38,000. Finally, Osbon Capital Management LLC purchased a new stake in First Trust US Equity Opportunities ETF in the fourth quarter valued at approximately $43,000.

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.