First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Hits New 12-Month High – Should You Buy?

First Trust US Equity Opportunities ETF (NYSEARCA:FPX)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $198.14 and last traded at $197.98, with a volume of 4701 shares traded. The stock had previously closed at $192.42.

First Trust US Equity Opportunities ETF Stock Up 3.1%

The business has a 50-day moving average price of $182.39 and a 200-day moving average price of $171.03. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 32.81 and a beta of 1.28.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. WealthPLAN Partners LLC grew its stake in First Trust US Equity Opportunities ETF by 4.9% in the fourth quarter. WealthPLAN Partners LLC now owns 1,294 shares of the company’s stock valued at $212,000 after purchasing an additional 61 shares in the last quarter. Advisory Services Network LLC grew its stake in First Trust US Equity Opportunities ETF by 1.2% in the third quarter. Advisory Services Network LLC now owns 6,150 shares of the company’s stock valued at $1,022,000 after purchasing an additional 74 shares in the last quarter. Blair William & Co. IL grew its stake in First Trust US Equity Opportunities ETF by 21.1% in the fourth quarter. Blair William & Co. IL now owns 533 shares of the company’s stock valued at $87,000 after purchasing an additional 93 shares in the last quarter. NewEdge Advisors LLC grew its stake in First Trust US Equity Opportunities ETF by 1.3% in the first quarter. NewEdge Advisors LLC now owns 8,745 shares of the company’s stock valued at $977,000 after purchasing an additional 110 shares in the last quarter. Finally, World Investment Advisors grew its stake in First Trust US Equity Opportunities ETF by 3.2% in the fourth quarter. World Investment Advisors now owns 3,892 shares of the company’s stock valued at $637,000 after purchasing an additional 120 shares in the last quarter.

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.