First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sets New 52-Week High – Should You Buy?

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

First Trust US Equity Opportunities ETF Price Performance

The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 32.81 and a beta of 1.28. The firm has a fifty day moving average of $183.79 and a 200 day moving average of $171.59.

Institutional Trading of First Trust US Equity Opportunities ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its holdings in 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 worth $62,626,000 after acquiring an additional 376,074 shares during the period. Wells Fargo & Company MN grew its holdings in 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 worth $55,750,000 after acquiring an additional 11,677 shares during the period. Bank of America Corp DE grew its holdings in First Trust US Equity Opportunities ETF by 43.3% during the first quarter. Bank of America Corp DE now owns 204,237 shares of the company’s stock worth $32,435,000 after acquiring an additional 61,752 shares during the period. Raymond James Financial Inc. grew its holdings in 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 worth $26,033,000 after acquiring an additional 11,169 shares during the period. Finally, Royal Bank of Canada grew its holdings in First Trust US Equity Opportunities ETF by 57.7% during the first quarter. Royal Bank of Canada now owns 112,977 shares of the company’s stock worth $17,941,000 after acquiring an additional 41,319 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.