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

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) shares saw strong trading volume on Thursday . 53,482 shares were traded during trading, an increase of 82% from the previous session’s volume of 29,440 shares.The stock last traded at $157.8650 and had previously closed at $162.61.

First Trust US Equity Opportunities ETF Trading Down 3.6%

The stock has a market capitalization of $1.12 billion, a P/E ratio of 32.81 and a beta of 1.26. The firm’s fifty day moving average is $163.43 and its 200-day moving average is $149.30.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Ameriflex Group Inc. bought a new position in First Trust US Equity Opportunities ETF in the 3rd quarter valued at $38,000. Advisory Alpha LLC bought a new position in shares of First Trust US Equity Opportunities ETF in the third quarter valued at about $220,000. Reyes Financial Architecture Inc. acquired a new position in First Trust US Equity Opportunities ETF during the 3rd quarter worth about $28,000. IFG Advisory LLC grew its holdings in First Trust US Equity Opportunities ETF by 96.4% during the 3rd quarter. IFG Advisory LLC now owns 16,228 shares of the company’s stock worth $2,696,000 after acquiring an additional 7,965 shares during the last quarter. Finally, Cambria Investment Management L.P. acquired a new stake in First Trust US Equity Opportunities ETF in the 3rd quarter valued at about $216,000.

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.