First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Hits New 52-Week High – Should You Buy?

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) shares reached a new 52-week high on Wednesday . The stock traded as high as $115.22 and last traded at $115.22, with a volume of 1747 shares traded. The stock had previously closed at $114.24.

First Trust US Equity Opportunities ETF Stock Performance

The company has a 50 day simple moving average of $108.40 and a 200 day simple moving average of $102.93. The company has a market capitalization of $814.10 million, a PE ratio of 20.57 and a beta of 1.56.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

A number of hedge funds have recently modified their holdings of FPX. SageView Advisory Group LLC purchased a new position in shares of First Trust US Equity Opportunities ETF during the 1st quarter worth $7,567,000. Janney Montgomery Scott LLC purchased a new position in First Trust US Equity Opportunities ETF during the third quarter worth about $5,178,000. Cetera Advisors LLC grew its stake in shares of First Trust US Equity Opportunities ETF by 94.9% in the 1st quarter. Cetera Advisors LLC now owns 58,906 shares of the company’s stock valued at $6,232,000 after buying an additional 28,679 shares during the period. Cetera Investment Advisers increased its holdings in shares of First Trust US Equity Opportunities ETF by 23.2% during the 1st quarter. Cetera Investment Advisers now owns 130,004 shares of the company’s stock worth $13,754,000 after buying an additional 24,514 shares during the last quarter. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of First Trust US Equity Opportunities ETF during the 3rd quarter valued at approximately $1,789,000.

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.