Pacific Sun Financial Corp Invests $909,000 in First Trust US Equity Opportunities ETF (NYSEARCA:FPX)

Pacific Sun Financial Corp purchased a new stake in First Trust US Equity Opportunities ETF (NYSEARCA:FPX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,814 shares of the company’s stock, valued at approximately $909,000. Pacific Sun Financial Corp owned about 0.12% of First Trust US Equity Opportunities ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the business. Fifth Third Bancorp increased its stake in shares of First Trust US Equity Opportunities ETF by 272.7% in the first quarter. Fifth Third Bancorp now owns 328 shares of the company’s stock worth $28,000 after buying an additional 240 shares during the last quarter. Tanglewood Legacy Advisors LLC acquired a new stake in shares of First Trust US Equity Opportunities ETF in the 4th quarter valued at about $30,000. GPS Wealth Strategies Group LLC bought a new position in shares of First Trust US Equity Opportunities ETF during the first quarter worth about $52,000. Atlas Capital Advisors LLC acquired a new position in First Trust US Equity Opportunities ETF in the second quarter worth about $53,000. Finally, JPMorgan Chase & Co. bought a new stake in First Trust US Equity Opportunities ETF in the fourth quarter valued at about $62,000.

First Trust US Equity Opportunities ETF Price Performance

Shares of FPX stock traded up $0.22 on Monday, hitting $86.21. 39,183 shares of the stock traded hands, compared to its average volume of 34,146. The company’s fifty day moving average is $88.86 and its 200 day moving average is $85.05. First Trust US Equity Opportunities ETF has a 1-year low of $76.82 and a 1-year high of $95.44. The company has a market capitalization of $771.58 million, a PE ratio of 17.39 and a beta of 1.09.

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.