First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Hits New 1-Year High – Here’s Why

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) shares reached a new 52-week high on Thursday . The company traded as high as $132.36 and last traded at $132.15, with a volume of 9915 shares traded. The stock had previously closed at $131.26.

First Trust US Equity Opportunities ETF Stock Performance

The company has a market cap of $963.89 million, a price-to-earnings ratio of 20.57 and a beta of 1.56. The stock’s fifty day moving average is $125.28 and its two-hundred day moving average is $113.02.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC increased its stake in shares of First Trust US Equity Opportunities ETF by 1.5% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 6,603 shares of the company’s stock worth $789,000 after purchasing an additional 96 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of First Trust US Equity Opportunities ETF by 34.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 444 shares of the company’s stock worth $49,000 after purchasing an additional 114 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of First Trust US Equity Opportunities ETF by 5.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 2,413 shares of the company’s stock worth $266,000 after purchasing an additional 131 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of First Trust US Equity Opportunities ETF during the 3rd quarter worth approximately $39,000. Finally, Atria Investments Inc increased its stake in shares of First Trust US Equity Opportunities ETF by 3.0% during the 3rd quarter. Atria Investments Inc now owns 12,193 shares of the company’s stock worth $1,344,000 after purchasing an additional 357 shares during 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.