Envestnet Asset Management Inc. Trims Stake in First Trust US Equity Opportunities ETF (NYSEARCA:FPX)

Envestnet Asset Management Inc. reduced its position in First Trust US Equity Opportunities ETF (NYSEARCA:FPX) by 4.8% in the 2nd quarter, Holdings Channel reports. The firm owned 51,831 shares of the company’s stock after selling 2,634 shares during the period. Envestnet Asset Management Inc.’s holdings in First Trust US Equity Opportunities ETF were worth $5,149,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mather Group LLC. purchased a new stake in First Trust US Equity Opportunities ETF during the 1st quarter valued at approximately $26,000. International Assets Investment Management LLC purchased a new stake in First Trust US Equity Opportunities ETF during the 2nd quarter valued at approximately $62,000. Able Wealth Management LLC purchased a new stake in First Trust US Equity Opportunities ETF during the 4th quarter valued at approximately $75,000. Commerce Bank purchased a new stake in First Trust US Equity Opportunities ETF during the 4th quarter valued at approximately $211,000. Finally, Epiq Partners LLC purchased a new stake in First Trust US Equity Opportunities ETF during the 1st quarter valued at approximately $212,000.

First Trust US Equity Opportunities ETF Stock Up 0.4 %

FPX opened at $110.19 on Tuesday. The business has a 50 day moving average price of $101.89 and a two-hundred day moving average price of $101.55. The company has a market cap of $804.39 million, a PE ratio of 20.57 and a beta of 1.56. First Trust US Equity Opportunities ETF has a 52 week low of $75.74 and a 52 week high of $111.31.

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.