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

First Trust US Equity Opportunities ETF (NYSEARCA:FPX)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $127.11 and last traded at $126.71, with a volume of 18803 shares traded. The stock had previously closed at $124.44.

First Trust US Equity Opportunities ETF Price Performance

The stock has a market cap of $937.86 million, a price-to-earnings ratio of 20.57 and a beta of 1.56. The business’s fifty day simple moving average is $114.08 and its 200 day simple moving average is $105.21.

Hedge Funds Weigh In On First Trust US Equity Opportunities ETF

A number of hedge funds have recently added to or reduced their stakes in FPX. Janney Montgomery Scott LLC acquired a new position in First Trust US Equity Opportunities ETF in the third quarter worth $5,178,000. Cetera Advisors LLC boosted its holdings in shares of First Trust US Equity Opportunities ETF by 94.9% during the first quarter. Cetera Advisors LLC now owns 58,906 shares of the company’s stock valued at $6,232,000 after acquiring an additional 28,679 shares during the period. Cetera Investment Advisers boosted its holdings in shares of First Trust US Equity Opportunities ETF by 23.2% during the first quarter. Cetera Investment Advisers now owns 130,004 shares of the company’s stock valued at $13,754,000 after acquiring an additional 24,514 shares during the period. Proactive Wealth Strategies LLC acquired a new position in shares of First Trust US Equity Opportunities ETF during the third quarter valued at $2,112,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of First Trust US Equity Opportunities ETF during the third quarter valued at $1,789,000.

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.