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

First Trust US Equity Opportunities ETF (NYSEARCA:FPXGet Free Report)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $204.04 and last traded at $204.04, with a volume of 1961 shares changing hands. The stock had previously closed at $201.44.

First Trust US Equity Opportunities ETF Stock Up 1.5%

The firm has a 50-day moving average price of $188.81 and a two-hundred day moving average price of $173.74. The company has a market capitalization of $1.50 billion, a P/E ratio of 32.81 and a beta of 1.28.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FPX. Reyes Financial Architecture Inc. bought a new position in First Trust US Equity Opportunities ETF during the third quarter valued at about $28,000. Comerica Bank lifted its position in shares of First Trust US Equity Opportunities ETF by 457.6% in the 3rd quarter. Comerica Bank now owns 184 shares of the company’s stock worth $31,000 after acquiring an additional 151 shares during the period. Fifth Third Bancorp acquired a new stake in shares of First Trust US Equity Opportunities ETF during the 1st quarter worth approximately $32,000. Ameriflex Group Inc. acquired a new stake in shares of First Trust US Equity Opportunities ETF during the 3rd quarter worth approximately $38,000. Finally, Osbon Capital Management LLC bought a new stake in shares of First Trust US Equity Opportunities ETF during the fourth quarter valued at approximately $43,000.

About First Trust US Equity Opportunities ETF

(Get Free Report)

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.

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