First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sees Strong Trading Volume – Time to Buy?

Shares of First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw unusually-high trading volume on Wednesday . Approximately 48,307 shares were traded during trading, an increase of 49% from the previous session’s volume of 32,341 shares.The stock last traded at $194.64 and had previously closed at $194.48.

First Trust US Equity Opportunities ETF Stock Performance

The firm has a 50 day moving average price of $177.10 and a two-hundred day moving average price of $168.86. The firm has a market capitalization of $1.42 billion, a P/E ratio of 32.81 and a beta of 1.27.

Hedge Funds Weigh In On First Trust US Equity Opportunities ETF

Several hedge funds have recently bought and sold shares of FPX. WealthPLAN Partners LLC grew its position in shares of First Trust US Equity Opportunities ETF by 4.9% in the fourth quarter. WealthPLAN Partners LLC now owns 1,294 shares of the company’s stock valued at $212,000 after purchasing an additional 61 shares during the last quarter. Advisory Services Network LLC grew its position in First Trust US Equity Opportunities ETF by 1.2% during the third quarter. Advisory Services Network LLC now owns 6,150 shares of the company’s stock worth $1,022,000 after buying an additional 74 shares in the last quarter. Proactive Wealth Strategies LLC grew its position in First Trust US Equity Opportunities ETF by 0.4% during the third quarter. Proactive Wealth Strategies LLC now owns 20,307 shares of the company’s stock worth $3,374,000 after buying an additional 76 shares in the last quarter. Blair William & Co. IL lifted its stake in First Trust US Equity Opportunities ETF by 21.1% during the fourth quarter. Blair William & Co. IL now owns 533 shares of the company’s stock worth $87,000 after purchasing an additional 93 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in First Trust US Equity Opportunities ETF by 1.3% during the first quarter. NewEdge Advisors LLC now owns 8,745 shares of the company’s stock worth $977,000 after purchasing an additional 110 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.