First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sets New 12-Month High – Here’s Why

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) reached a new 52-week high on Tuesday . The company traded as high as $192.99 and last traded at $192.99, with a volume of 7192 shares trading hands. The stock had previously closed at $188.90.

First Trust US Equity Opportunities ETF Stock Up 2.3%

The stock has a 50-day simple moving average of $174.04 and a two-hundred day simple moving average of $167.80. The firm has a market cap of $1.42 billion, a PE ratio of 32.81 and a beta of 1.27.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

Large investors have recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. raised its position in First Trust US Equity Opportunities ETF by 439.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 16,269 shares of the company’s stock valued at $2,661,000 after purchasing an additional 13,252 shares in the last quarter. Krilogy Financial LLC purchased a new stake in First Trust US Equity Opportunities ETF during the third quarter valued at about $712,000. Private Advisory Group LLC purchased a new stake in First Trust US Equity Opportunities ETF during the third quarter valued at about $881,000. IFG Advisory LLC raised its position in First Trust US Equity Opportunities ETF by 96.4% during the third quarter. IFG Advisory LLC now owns 16,228 shares of the company’s stock valued at $2,696,000 after purchasing an additional 7,965 shares in the last quarter. Finally, PFG Advisors bought a new position in shares of First Trust US Equity Opportunities ETF during the fourth quarter valued at about $646,000.

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.