First Trust US Equity Opportunities ETF $FPX Stake Boosted by Royal Bank of Canada

Royal Bank of Canada boosted its stake in shares of First Trust US Equity Opportunities ETF (NYSEARCA:FPX) by 57.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 112,977 shares of the company’s stock after buying an additional 41,319 shares during the period. Royal Bank of Canada owned about 1.54% of First Trust US Equity Opportunities ETF worth $17,941,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FPX. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of First Trust US Equity Opportunities ETF by 5,572.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 382,823 shares of the company’s stock worth $62,626,000 after buying an additional 376,074 shares during the period. Systelligence LLC acquired a new stake in shares of First Trust US Equity Opportunities ETF during the fourth quarter valued at approximately $18,065,000. BNP Paribas Financial Markets acquired a new stake in shares of First Trust US Equity Opportunities ETF during the third quarter valued at approximately $8,308,000. Ethos Financial Group LLC purchased a new stake in shares of First Trust US Equity Opportunities ETF in the 1st quarter valued at approximately $7,226,000. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of First Trust US Equity Opportunities ETF in the 4th quarter valued at approximately $6,126,000.

First Trust US Equity Opportunities ETF Stock Performance

First Trust US Equity Opportunities ETF stock opened at $179.68 on Friday. The company has a 50 day moving average price of $190.56 and a 200 day moving average price of $177.71. First Trust US Equity Opportunities ETF has a 52 week low of $142.97 and a 52 week high of $206.18. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 32.81 and a beta of 1.28.

First Trust US Equity Opportunities ETF Profile

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.