First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Hits New 1-Year High – Should You Buy?

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $180.00 and last traded at $179.77, with a volume of 5129 shares. The stock had previously closed at $175.49.

First Trust US Equity Opportunities ETF Stock Performance

The business has a 50-day simple moving average of $166.07 and a 200 day simple moving average of $165.13. The firm has a market cap of $1.31 billion, a P/E ratio of 32.81 and a beta of 1.25.

Institutional Trading of First Trust US Equity Opportunities ETF

Several large investors have recently added to or reduced their stakes in the stock. Impact Partnership Wealth LLC raised its holdings in First Trust US Equity Opportunities ETF by 40.5% in the 1st quarter. Impact Partnership Wealth LLC now owns 13,599 shares of the company’s stock worth $2,160,000 after purchasing an additional 3,917 shares in the last quarter. Flagstar Advisors Inc. purchased a new position in shares of First Trust US Equity Opportunities ETF during the first quarter valued at about $268,000. J. Derek Lewis & Associates Inc. bought a new position in First Trust US Equity Opportunities ETF in the fourth quarter worth about $484,000. Rockefeller Capital Management L.P. lifted its holdings in First Trust US Equity Opportunities ETF by 5.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,738 shares of the company’s stock worth $448,000 after buying an additional 139 shares during the period. Finally, Osbon Capital Management LLC bought a new stake in First Trust US Equity Opportunities ETF during the 4th quarter valued at approximately $43,000.

First Trust US Equity Opportunities ETF Company Profile

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. The Index utilizes a 10% capping on all constituents and includes the 100 largest, typically best-performing and most liquid initial public offerings (IPOs) of the United States companies in the IPOX Global Composite Index.