First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sees Strong Trading Volume – Time to Buy?

Shares of First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw unusually-strong trading volume on Wednesday . Approximately 48,307 shares were traded during mid-day trading, an increase of 49% from the previous session’s volume of 32,341 shares.The stock last traded at $194.64 and had previously closed at $194.48.

First Trust US Equity Opportunities ETF Price Performance

The business’s 50 day moving average price is $177.10 and its 200-day moving average price is $168.86. The company has a market cap of $1.42 billion, a P/E ratio of 32.81 and a beta of 1.27.

Institutional Trading of First Trust US Equity Opportunities ETF

A number of institutional investors have recently bought and sold shares of FPX. Royal Bank of Canada grew its holdings in shares of First Trust US Equity Opportunities ETF by 0.6% in the 1st quarter. Royal Bank of Canada now owns 51,337 shares of the company’s stock valued at $5,736,000 after buying an additional 313 shares during the period. NewEdge Advisors LLC grew its holdings in shares of First Trust US Equity Opportunities ETF by 1.3% in the 1st quarter. NewEdge Advisors LLC now owns 8,745 shares of the company’s stock valued at $977,000 after buying an additional 110 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of First Trust US Equity Opportunities ETF by 36.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,044 shares of the company’s stock valued at $151,000 after buying an additional 278 shares during the period. Baird Financial Group Inc. grew its holdings in shares of First Trust US Equity Opportunities ETF by 6.3% in the 2nd quarter. Baird Financial Group Inc. now owns 10,457 shares of the company’s stock valued at $1,515,000 after buying an additional 624 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in shares of First Trust US Equity Opportunities ETF by 19.5% in the 2nd quarter. Raymond James Financial Inc. now owns 145,503 shares of the company’s stock valued at $21,085,000 after buying an additional 23,784 shares during the period.

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. 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.