First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Stock Price Up 1% – Time to Buy?

First Trust US Equity Opportunities ETF (NYSEARCA:FPX)’s share price rose 1% on Tuesday . The stock traded as high as $183.26 and last traded at $182.77. 16,941 shares traded hands during trading, a decline of 55% from the average daily volume of 37,652 shares. The stock had previously closed at $180.99.

First Trust US Equity Opportunities ETF Stock Up 1.0%

The firm’s 50-day moving average is $182.35 and its 200-day moving average is $181.75. The company has a market capitalization of $1.49 billion, a PE ratio of 32.81 and a beta of 1.28.

Hedge Funds Weigh In On First Trust US Equity Opportunities ETF

A number of large investors have recently modified their holdings of the company. Montgomery Financial Services LLC purchased a new stake in First Trust US Equity Opportunities ETF in the second quarter worth approximately $29,000. Fifth Third Bancorp bought a new stake in shares of First Trust US Equity Opportunities ETF in the 1st quarter worth approximately $32,000. Osbon Capital Management LLC purchased a new stake in shares of First Trust US Equity Opportunities ETF in the 4th quarter valued at $43,000. Integrated Wealth Concepts LLC bought a new position in shares of First Trust US Equity Opportunities ETF during the 2nd quarter valued at $83,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in First Trust US Equity Opportunities ETF by 51.1% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 529 shares of the company’s stock worth $87,000 after purchasing an additional 179 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.