NewEdge Advisors LLC lessened its holdings in shares of First Trust US Equity Opportunities ETF (NYSEARCA:FPX – Free Report) by 18.3% during the 1st quarter, HoldingsChannel reports. The fund owned 26,977 shares of the company’s stock after selling 6,057 shares during the quarter. NewEdge Advisors LLC’s holdings in First Trust US Equity Opportunities ETF were worth $4,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of FPX. Northwestern Mutual Wealth Management Co. increased its stake in shares of First Trust US Equity Opportunities ETF by 5,572.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 382,823 shares of the company’s stock worth $62,626,000 after purchasing an additional 376,074 shares in the last quarter. Wells Fargo & Company MN lifted its position in First Trust US Equity Opportunities ETF by 3.5% during the fourth quarter. Wells Fargo & Company MN now owns 340,788 shares of the company’s stock valued at $55,750,000 after purchasing an additional 11,677 shares in the last quarter. Bank of America Corp DE lifted its position in First Trust US Equity Opportunities ETF by 43.3% during the first quarter. Bank of America Corp DE now owns 204,237 shares of the company’s stock valued at $32,435,000 after purchasing an additional 61,752 shares in the last quarter. Raymond James Financial Inc. grew its holdings in First Trust US Equity Opportunities ETF by 7.7% during the third quarter. Raymond James Financial Inc. now owns 156,672 shares of the company’s stock valued at $26,033,000 after purchasing an additional 11,169 shares during the period. Finally, Royal Bank of Canada grew its holdings in First Trust US Equity Opportunities ETF by 57.7% during the first quarter. Royal Bank of Canada now owns 112,977 shares of the company’s stock valued at $17,941,000 after purchasing an additional 41,319 shares during the period.
First Trust US Equity Opportunities ETF Stock Up 2.8%
Shares of FPX opened at $186.22 on Thursday. The business has a 50-day simple moving average of $189.62 and a two-hundred day simple moving average of $178.15. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 32.81 and a beta of 1.28. First Trust US Equity Opportunities ETF has a 52 week low of $142.97 and a 52 week high of $206.18.
First Trust US Equity Opportunities ETF 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.
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