Farther Finance Advisors LLC Lowers Stock Position in First Trust US Equity Opportunities ETF $FPX

Farther Finance Advisors LLC reduced its position in shares of First Trust US Equity Opportunities ETF (NYSEARCA:FPX) by 88.8% during the fourth quarter, Holdings Channel reports. The firm owned 926 shares of the company’s stock after selling 7,318 shares during the period. Farther Finance Advisors LLC’s holdings in First Trust US Equity Opportunities ETF were worth $151,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FPX. Patten Group Inc. increased its stake in First Trust US Equity Opportunities ETF by 73.2% in the 4th quarter. Patten Group Inc. now owns 7,113 shares of the company’s stock valued at $1,164,000 after buying an additional 3,006 shares during the last quarter. Systelligence LLC purchased a new position in shares of First Trust US Equity Opportunities ETF in the 4th quarter worth approximately $18,065,000. Capital Advisory Group Advisory Services LLC boosted its stake in shares of First Trust US Equity Opportunities ETF by 19.3% in the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 3,708 shares of the company’s stock worth $607,000 after buying an additional 600 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of First Trust US Equity Opportunities ETF in the fourth quarter valued at approximately $85,000. Finally, Stratos Wealth Partners LTD. grew its holdings in shares of First Trust US Equity Opportunities ETF by 439.2% in the fourth quarter. Stratos Wealth Partners LTD. now owns 16,269 shares of the company’s stock valued at $2,661,000 after acquiring an additional 13,252 shares in the last quarter.

First Trust US Equity Opportunities ETF Trading Up 1.1%

Shares of FPX opened at $183.40 on Friday. The stock has a 50 day moving average of $167.62 and a 200 day moving average of $165.61. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 32.81 and a beta of 1.27. First Trust US Equity Opportunities ETF has a 12 month low of $121.97 and a 12 month high of $183.48.

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.