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

First Trust US Equity Opportunities ETF (NYSEARCA:FPX)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $133.35 and last traded at $133.44, with a volume of 5304 shares traded. The stock had previously closed at $132.05.

First Trust US Equity Opportunities ETF Price Performance

The company has a 50 day moving average of $125.68 and a 200-day moving average of $113.80. The company has a market cap of $955.72 million, a P/E ratio of 20.57 and a beta of 1.56.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

Several hedge funds have recently added to or reduced their stakes in the company. Truist Financial Corp lifted its stake in First Trust US Equity Opportunities ETF by 61.3% in the fourth quarter. Truist Financial Corp now owns 61,185 shares of the company’s stock worth $7,312,000 after purchasing an additional 23,260 shares during the last quarter. Janney Montgomery Scott LLC grew its position in First Trust US Equity Opportunities ETF by 0.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 47,422 shares of the company’s stock worth $5,667,000 after acquiring an additional 428 shares during the last quarter. D.A. Davidson & CO. increased its stake in First Trust US Equity Opportunities ETF by 2.7% in the 4th quarter. D.A. Davidson & CO. now owns 27,790 shares of the company’s stock worth $3,321,000 after purchasing an additional 721 shares during the period. Golden State Wealth Management LLC bought a new stake in First Trust US Equity Opportunities ETF in the fourth quarter valued at approximately $2,543,000. Finally, Proactive Wealth Strategies LLC purchased a new stake in shares of First Trust US Equity Opportunities ETF during the third quarter valued at approximately $2,112,000.

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.