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

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw strong trading volume on Friday . 32,568 shares traded hands during mid-day trading, an increase of 74% from the previous session’s volume of 18,707 shares.The stock last traded at $112.41 and had previously closed at $111.73.

First Trust US Equity Opportunities ETF Trading Down 0.3 %

The business has a fifty day moving average price of $108.55 and a 200-day moving average price of $103.02. The stock has a market capitalization of $813.52 million, a PE ratio of 20.57 and a beta of 1.56.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

Several institutional investors have recently bought and sold shares of the stock. Atria Investments Inc boosted its holdings in First Trust US Equity Opportunities ETF by 3.0% during the 3rd quarter. Atria Investments Inc now owns 12,193 shares of the company’s stock valued at $1,344,000 after acquiring an additional 357 shares during the period. Janney Montgomery Scott LLC purchased a new stake in First Trust US Equity Opportunities ETF during the 3rd quarter valued at about $5,178,000. Pathway Financial Advisers LLC purchased a new stake in First Trust US Equity Opportunities ETF in the 3rd quarter worth approximately $52,000. Fidelis Capital Partners LLC purchased a new stake in First Trust US Equity Opportunities ETF in the 3rd quarter worth approximately $509,000. Finally, Hibernia Wealth Partners LLC purchased a new stake in First Trust US Equity Opportunities ETF in the 3rd quarter worth approximately $501,000.

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.