First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sees Large Volume Increase – Still a Buy?

Shares of First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw unusually-strong trading volume on Tuesday . Approximately 30,169 shares changed hands during mid-day trading, an increase of 108% from the previous session’s volume of 14,489 shares.The stock last traded at $130.19 and had previously closed at $127.56.

First Trust US Equity Opportunities ETF Trading Up 0.6 %

The company has a market cap of $964.33 million, a price-to-earnings ratio of 20.57 and a beta of 1.56. The stock has a 50-day simple moving average of $124.84 and a 200-day simple moving average of $112.67.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new stake in First Trust US Equity Opportunities ETF during the 3rd quarter worth about $5,178,000. Proactive Wealth Strategies LLC acquired a new stake in shares of First Trust US Equity Opportunities ETF during the third quarter valued at approximately $2,112,000. Lloyd Advisory Services LLC. purchased a new stake in shares of First Trust US Equity Opportunities ETF in the 3rd quarter valued at approximately $1,789,000. Calton & Associates Inc. boosted its stake in First Trust US Equity Opportunities ETF by 75.1% in the 4th quarter. Calton & Associates Inc. now owns 13,619 shares of the company’s stock worth $1,628,000 after purchasing an additional 5,842 shares during the period. Finally, Benjamin Edwards Inc. purchased a new position in First Trust US Equity Opportunities ETF during the 3rd quarter worth approximately $592,000.

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.