First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sets New 1-Year High – Still a Buy?

First Trust US Equity Opportunities ETF (NYSEARCA:FPX)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $190.94 and last traded at $190.14, with a volume of 74585 shares traded. The stock had previously closed at $187.16.

First Trust US Equity Opportunities ETF Stock Performance

The stock has a market capitalization of $1.40 billion, a P/E ratio of 32.81 and a beta of 1.27. The stock has a 50-day moving average price of $169.79 and a two-hundred day moving average price of $166.44.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

A number of large investors have recently made changes to their positions in FPX. Reyes Financial Architecture Inc. bought a new stake in shares of First Trust US Equity Opportunities ETF in the 3rd quarter worth approximately $28,000. Manning & Napier Advisors LLC bought a new stake in shares of First Trust US Equity Opportunities ETF in the 3rd quarter worth approximately $29,000. Comerica Bank grew its position in shares of First Trust US Equity Opportunities ETF by 457.6% in the 3rd quarter. Comerica Bank now owns 184 shares of the company’s stock worth $31,000 after buying an additional 151 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of First Trust US Equity Opportunities ETF in the 1st quarter worth approximately $32,000. Finally, Ameriflex Group Inc. bought a new stake in shares of First Trust US Equity Opportunities ETF in the 3rd quarter worth approximately $38,000.

First Trust US Equity Opportunities ETF Company 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.