First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Hits New 12-Month 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 company 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 firm has a market cap of $1.46 billion, a price-to-earnings ratio of 32.81 and a beta of 1.28. The stock has a 50-day moving average of $182.39 and a 200-day moving average of $171.03.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

Several hedge funds have recently modified their holdings of FPX. Reyes Financial Architecture Inc. acquired a new stake in shares of First Trust US Equity Opportunities ETF during the 3rd quarter valued at $28,000. Comerica Bank grew its holdings in First Trust US Equity Opportunities ETF by 457.6% during the third quarter. Comerica Bank now owns 184 shares of the company’s stock valued at $31,000 after purchasing an additional 151 shares during the period. Fifth Third Bancorp bought a new stake in First Trust US Equity Opportunities ETF during the 1st quarter worth approximately $32,000. Ameriflex Group Inc. bought a new stake in First Trust US Equity Opportunities ETF during the third quarter valued at $38,000. Finally, Osbon Capital Management LLC bought a new position in shares of First Trust US Equity Opportunities ETF during the 4th quarter valued at $43,000.

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.