Concentrum Wealth Management Trims Stake in First Trust US Equity Opportunities ETF (NYSEARCA:FPX)

Concentrum Wealth Management cut its position in First Trust US Equity Opportunities ETF (NYSEARCA:FPX) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,987 shares of the company’s stock after selling 200 shares during the period. Concentrum Wealth Management owned about 0.08% of First Trust US Equity Opportunities ETF worth $670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of FPX. NBC Securities Inc. purchased a new stake in shares of First Trust US Equity Opportunities ETF in the third quarter worth $121,000. Advisory Resource Group bought a new position in shares of First Trust US Equity Opportunities ETF during the fourth quarter worth $202,000. Meitav Investment House Ltd. bought a new position in shares of First Trust US Equity Opportunities ETF during the fourth quarter worth $230,000. Investors Research Corp boosted its position in shares of First Trust US Equity Opportunities ETF by 7.5% during the fourth quarter. Investors Research Corp now owns 5,559 shares of the company’s stock worth $533,000 after acquiring an additional 387 shares during the last quarter. Finally, Cascade Investment Advisors Inc. boosted its position in shares of First Trust US Equity Opportunities ETF by 3.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 5,891 shares of the company’s stock worth $565,000 after acquiring an additional 210 shares during the last quarter.

First Trust US Equity Opportunities ETF Trading Up 1.4 %

Shares of NYSEARCA:FPX traded up $1.34 during midday trading on Thursday, reaching $100.04. 8,478 shares of the company were exchanged, compared to its average volume of 22,519. The business’s fifty day moving average is $102.16 and its two-hundred day moving average is $94.56. First Trust US Equity Opportunities ETF has a one year low of $75.74 and a one year high of $107.42. The stock has a market cap of $735.29 million, a PE ratio of 18.96 and a beta of 1.50.

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.