First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sets New 12-Month High – Time to Buy?

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 $135.19 and last traded at $135.19, with a volume of 106173 shares. The stock had previously closed at $134.01.

First Trust US Equity Opportunities ETF Stock Down 0.1 %

The stock has a 50-day moving average of $126.20 and a 200 day moving average of $114.90. The stock has a market cap of $990.10 million, a PE ratio of 20.57 and a beta of 1.56.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in First Trust US Equity Opportunities ETF in the 4th quarter valued at $14,196,000. Janney Montgomery Scott LLC purchased a new position in First Trust US Equity Opportunities ETF during the third quarter valued at $5,178,000. Truist Financial Corp grew its position in shares of 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 valued at $7,312,000 after purchasing an additional 23,260 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of First Trust US Equity Opportunities ETF during the fourth quarter worth about $2,543,000. Finally, Proactive Wealth Strategies LLC acquired a new position in shares of First Trust US Equity Opportunities ETF during the 3rd quarter worth about $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.