First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sees Strong Trading Volume – What’s Next?

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) shares saw an uptick in trading volume on Wednesday . 101,307 shares changed hands during mid-day trading, an increase of 294% from the previous session’s volume of 25,734 shares.The stock last traded at $135.14 and had previously closed at $134.01.

First Trust US Equity Opportunities ETF Stock Performance

The company has a market capitalization of $986.26 million, a PE ratio of 20.57 and a beta of 1.56. The company has a 50 day moving average price of $125.90 and a 200 day moving average price of $114.61.

Institutional Trading of First Trust US Equity Opportunities ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FPX. Truist Financial Corp raised its stake in First Trust US Equity Opportunities ETF by 61.3% during the fourth quarter. Truist Financial Corp now owns 61,185 shares of the company’s stock worth $7,312,000 after acquiring an additional 23,260 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of First Trust US Equity Opportunities ETF by 0.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 47,422 shares of the company’s stock valued at $5,667,000 after purchasing an additional 428 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of First Trust US Equity Opportunities ETF by 2.7% during the 4th quarter. D.A. Davidson & CO. now owns 27,790 shares of the company’s stock worth $3,321,000 after purchasing an additional 721 shares during the period. Proactive Wealth Strategies LLC lifted its holdings in shares of First Trust US Equity Opportunities ETF by 15.3% in the 4th quarter. Proactive Wealth Strategies LLC now owns 22,098 shares of the company’s stock worth $2,641,000 after purchasing an additional 2,932 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in First Trust US Equity Opportunities ETF during the 4th quarter valued at approximately $2,543,000.

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.