First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sees Unusually-High Trading Volume – Still a Buy?

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw unusually-strong trading volume on Tuesday . Approximately 89,263 shares changed hands during trading, an increase of 168% from the previous session’s volume of 33,295 shares.The stock last traded at $108.69 and had previously closed at $106.21.

First Trust US Equity Opportunities ETF Stock Performance

The firm has a fifty day simple moving average of $127.17 and a 200-day simple moving average of $119.76. The company has a market capitalization of $721.46 million, a PE ratio of 30.60 and a beta of 1.25.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FPX. Atria Investments Inc boosted its position 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 purchasing an additional 357 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of First Trust US Equity Opportunities ETF by 5.7% during the third quarter. Oppenheimer & Co. Inc. now owns 2,413 shares of the company’s stock worth $266,000 after purchasing an additional 131 shares during the period. Captrust Financial Advisors raised its position in shares of First Trust US Equity Opportunities ETF by 40.3% during the third quarter. Captrust Financial Advisors now owns 2,915 shares of the company’s stock worth $321,000 after purchasing an additional 837 shares during the period. Benjamin Edwards Inc. acquired a new stake in shares of First Trust US Equity Opportunities ETF during the third quarter worth $592,000. Finally, Arrowroot Family Office LLC acquired a new stake in shares of First Trust US Equity Opportunities ETF during the third quarter worth $204,000.

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.