First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Reaches New 1-Year High at $108.49

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $108.49 and last traded at $108.49, with a volume of 16507 shares. The stock had previously closed at $106.93.

First Trust US Equity Opportunities ETF Trading Up 0.1 %

The company’s fifty day simple moving average is $100.44 and its 200 day simple moving average is $101.16. The stock has a market capitalization of $781.54 million, a P/E ratio of 20.57 and a beta of 1.56.

Hedge Funds Weigh In On First Trust US Equity Opportunities ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mather Group LLC. bought a new position in First Trust US Equity Opportunities ETF during the first quarter valued at approximately $26,000. International Assets Investment Management LLC purchased a new stake in First Trust US Equity Opportunities ETF during the second quarter valued at about $62,000. Able Wealth Management LLC bought a new position in shares of First Trust US Equity Opportunities ETF during the fourth quarter valued at about $75,000. Epiq Partners LLC bought a new position in shares of First Trust US Equity Opportunities ETF during the first quarter valued at about $212,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of First Trust US Equity Opportunities ETF in the second quarter worth about $218,000.

About First Trust US Equity Opportunities ETF

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.