First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Hits New 12-Month High – What’s Next?

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) hit a new 52-week high on Wednesday . The stock traded as high as $188.87 and last traded at $188.60, with a volume of 36052 shares traded. The stock had previously closed at $184.85.

First Trust US Equity Opportunities ETF Price Performance

The company has a 50-day simple moving average of $168.08 and a two-hundred day simple moving average of $165.76. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 32.81 and a beta of 1.27.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of First Trust US Equity Opportunities ETF by 5,572.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 382,823 shares of the company’s stock valued at $62,626,000 after purchasing an additional 376,074 shares during the period. Wells Fargo & Company MN increased its holdings in shares of 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 during the period. Raymond James Financial Inc. increased its holdings in shares of 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. Systelligence LLC acquired a new position in shares of First Trust US Equity Opportunities ETF during the fourth quarter valued at $18,065,000. Finally, Osaic Holdings Inc. increased its holdings in shares of First Trust US Equity Opportunities ETF by 4.2% during the fourth quarter. Osaic Holdings Inc. now owns 99,641 shares of the company’s stock valued at $16,302,000 after purchasing an additional 3,976 shares during the period.

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.