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

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) shares saw unusually-strong trading volume on Friday . Approximately 32,568 shares changed 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 company has a market capitalization of $813.52 million, a price-to-earnings ratio of 20.57 and a beta of 1.56. The company has a fifty day moving average of $108.55 and a 200-day moving average of $103.02.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

Institutional investors have recently bought and sold shares of the company. Pathway Financial Advisers LLC acquired a new stake in First Trust US Equity Opportunities ETF in the 3rd quarter worth about $52,000. International Assets Investment Management LLC purchased a new stake in shares of First Trust US Equity Opportunities ETF in the second quarter valued at approximately $62,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of First Trust US Equity Opportunities ETF in the third quarter valued at approximately $216,000. Sanctuary Advisors LLC purchased a new position in First Trust US Equity Opportunities ETF during the second quarter worth approximately $218,000. Finally, Ameritas Advisory Services LLC purchased a new position in First Trust US Equity Opportunities ETF during the second quarter worth approximately $308,000.

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.