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

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) shares saw strong trading volume on Tuesday . 33,245 shares changed hands during trading, an increase of 57% from the previous session’s volume of 21,115 shares.The stock last traded at $105.92 and had previously closed at $100.25.

First Trust US Equity Opportunities ETF Stock Performance

The company’s 50-day simple moving average is $120.27 and its 200 day simple moving average is $120.82. The company has a market cap of $694.85 million, a PE ratio of 28.99 and a beta of 1.24.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Atala Financial Inc purchased a new stake in First Trust US Equity Opportunities ETF during the 4th quarter worth about $40,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of First Trust US Equity Opportunities ETF during the 3rd quarter worth about $39,000. Assetmark Inc. purchased a new stake in First Trust US Equity Opportunities ETF during the fourth quarter worth approximately $47,000. Banque Transatlantique SA acquired a new position in First Trust US Equity Opportunities ETF in the fourth quarter valued at approximately $48,000. Finally, O Shaughnessy Asset Management LLC increased its stake in First Trust US Equity Opportunities ETF by 373.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 417 shares of the company’s stock valued at $50,000 after purchasing an additional 329 shares during the last quarter.

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.