First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Shares Sold by Raymond James & Associates

Raymond James & Associates lowered its stake in shares of First Trust US Equity Opportunities ETF (NYSEARCA:FPX – Get Rating) by 40.1% in the fourth quarter, HoldingsChannel reports. The fund owned 87,739 shares of the company’s stock after selling 58,813 shares during the quarter. Raymond James & Associates’ holdings in First Trust US Equity Opportunities ETF were worth $6,903,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. UBS Group AG increased its stake in shares of First Trust US Equity Opportunities ETF by 2.6% during the 4th quarter. UBS Group AG now owns 65,661 shares of the company’s stock valued at $5,166,000 after acquiring an additional 1,643 shares during the last quarter. Paul Damon & Associates Inc. acquired a new position in shares of First Trust US Equity Opportunities ETF during the 4th quarter valued at about $302,000. Fernwood Investment Management LLC increased its stake in shares of First Trust US Equity Opportunities ETF by 3.1% during the 4th quarter. Fernwood Investment Management LLC now owns 15,477 shares of the company’s stock valued at $1,218,000 after acquiring an additional 466 shares during the last quarter. Investors Research Corp increased its stake in shares of First Trust US Equity Opportunities ETF by 15.9% during the 4th quarter. Investors Research Corp now owns 4,558 shares of the company’s stock valued at $359,000 after acquiring an additional 625 shares during the last quarter. Finally, Luken Investment Analytics LLC acquired a new position in shares of First Trust US Equity Opportunities ETF during the 4th quarter valued at about $44,000.

First Trust US Equity Opportunities ETF Stock Performance

FPX opened at $82.02 on Friday. The firm has a 50 day moving average price of $81.22 and a 200 day moving average price of $82.58. The company has a market cap of $783.29 million, a PE ratio of 18.64 and a beta of 1.09. First Trust US Equity Opportunities ETF has a 1 year low of $76.82 and a 1 year high of $94.96.

About First Trust US Equity Opportunities ETF

(Get Rating)

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.