Northwestern Mutual Wealth Management Co. Raises Stock Position in First Trust US Equity Opportunities ETF $FPX

Northwestern Mutual Wealth Management Co. lifted its position in First Trust US Equity Opportunities ETF (NYSEARCA:FPX) by 5,572.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 382,823 shares of the company’s stock after buying an additional 376,074 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 5.21% of First Trust US Equity Opportunities ETF worth $62,626,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Reyes Financial Architecture Inc. purchased a new stake in First Trust US Equity Opportunities ETF during the 3rd quarter worth approximately $28,000. Comerica Bank grew its position in 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 last quarter. Ameriflex Group Inc. purchased a new stake in First Trust US Equity Opportunities ETF during the 3rd quarter worth approximately $38,000. Cloud Capital Management LLC purchased a new stake in First Trust US Equity Opportunities ETF during the 3rd quarter worth approximately $54,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in First Trust US Equity Opportunities ETF during the 4th quarter worth approximately $59,000.

First Trust US Equity Opportunities ETF Stock Performance

NYSEARCA:FPX opened at $185.13 on Monday. The company has a market cap of $1.36 billion, a PE ratio of 32.81 and a beta of 1.27. First Trust US Equity Opportunities ETF has a twelve month low of $130.75 and a twelve month high of $190.94. The company’s 50 day moving average is $171.43 and its two-hundred day moving average is $167.05.

First Trust US Equity Opportunities ETF 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. 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.