First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sees Unusually-High Trading Volume – Here’s Why

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) shares saw strong trading volume on Friday . 63,155 shares changed hands during mid-day trading, an increase of 114% from the previous session’s volume of 29,476 shares.The stock last traded at $163.13 and had previously closed at $164.04.

First Trust US Equity Opportunities ETF Stock Performance

The company’s 50 day moving average price is $158.12 and its 200-day moving average price is $141.82. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 32.81 and a beta of 1.09.

Institutional Trading of First Trust US Equity Opportunities ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Trust Co. of Toledo NA OH acquired a new stake in shares of First Trust US Equity Opportunities ETF in the second quarter worth $29,000. Hazlett Burt & Watson Inc. lifted its position in First Trust US Equity Opportunities ETF by 238.8% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 227 shares of the company’s stock worth $33,000 after buying an additional 160 shares in the last quarter. First Horizon Advisors Inc. acquired a new position in First Trust US Equity Opportunities ETF during the 2nd quarter worth about $43,000. Assetmark Inc. lifted its position in First Trust US Equity Opportunities ETF by 21.0% during the 1st quarter. Assetmark Inc. now owns 479 shares of the company’s stock worth $54,000 after buying an additional 83 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in First Trust US Equity Opportunities ETF during the 2nd quarter valued at about $58,000.

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.