First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sees Strong Trading Volume – Here’s Why

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) shares saw unusually-strong trading volume on Tuesday . Approximately 30,169 shares traded hands during trading, an increase of 108% from the previous session’s volume of 14,489 shares.The stock last traded at $130.19 and had previously closed at $127.56.

First Trust US Equity Opportunities ETF Stock Up 0.6 %

The firm has a market capitalization of $964.33 million, a price-to-earnings ratio of 20.57 and a beta of 1.56. The business’s fifty day moving average is $124.84 and its 200 day moving average is $112.67.

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 FPX. Wilmington Savings Fund Society FSB bought a new position in shares of First Trust US Equity Opportunities ETF in the third quarter valued at about $39,000. JPMorgan Chase & Co. boosted its position in shares of First Trust US Equity Opportunities ETF by 34.5% in the third quarter. JPMorgan Chase & Co. now owns 444 shares of the company’s stock valued at $49,000 after acquiring an additional 114 shares during the period. Pathway Financial Advisers LLC acquired a new position in shares of First Trust US Equity Opportunities ETF during the 3rd quarter worth approximately $52,000. Decker Retirement Planning Inc. bought a new position in First Trust US Equity Opportunities ETF during the 4th quarter worth $70,000. Finally, Integris Wealth Management LLC bought a new position in shares of First Trust US Equity Opportunities ETF in the fourth quarter worth $212,000.

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.