Independent Advisor Alliance Makes New Investment in First Trust US Equity Opportunities ETF (NYSEARCA:FPX)

Independent Advisor Alliance acquired a new stake in shares of First Trust US Equity Opportunities ETF (NYSEARCA:FPX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,704 shares of the company’s stock, valued at approximately $323,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of First Trust US Equity Opportunities ETF in the third quarter worth approximately $39,000. Assetmark Inc. purchased a new position in First Trust US Equity Opportunities ETF during the fourth quarter worth approximately $47,000. JPMorgan Chase & Co. boosted its holdings in shares of First Trust US Equity Opportunities ETF by 34.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 444 shares of the company’s stock valued at $49,000 after purchasing an additional 114 shares during the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of First Trust US Equity Opportunities ETF during the 4th quarter valued at $70,000. Finally, Blue Trust Inc. purchased a new stake in shares of First Trust US Equity Opportunities ETF during the 4th quarter valued at $105,000.

First Trust US Equity Opportunities ETF Trading Down 2.2 %

Shares of FPX opened at $113.02 on Wednesday. First Trust US Equity Opportunities ETF has a twelve month low of $88.74 and a twelve month high of $143.53. The firm has a market capitalization of $751.58 million, a P/E ratio of 30.60 and a beta of 1.25. The stock’s fifty day simple moving average is $126.31 and its 200 day simple moving average is $120.15.

First Trust US Equity Opportunities ETF 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.