Avantax Advisory Services Inc. Trims Holdings in First Trust US Equity Opportunities ETF (NYSEARCA:FPX)

Avantax Advisory Services Inc. cut its position in shares of First Trust US Equity Opportunities ETF (NYSEARCA:FPX) by 30.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,676 shares of the company’s stock after selling 1,181 shares during the quarter. Avantax Advisory Services Inc.’s holdings in First Trust US Equity Opportunities ETF were worth $320,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in First Trust US Equity Opportunities ETF in the third quarter valued at $39,000. Assetmark Inc. purchased a new stake in First Trust US Equity Opportunities ETF in the 4th quarter valued at about $47,000. JPMorgan Chase & Co. grew its holdings in 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 buying an additional 114 shares during the period. Decker Retirement Planning Inc. acquired a new position in shares of First Trust US Equity Opportunities ETF during the 4th quarter valued at about $70,000. Finally, Blue Trust Inc. purchased a new position in shares of First Trust US Equity Opportunities ETF during the 4th quarter worth about $105,000.

First Trust US Equity Opportunities ETF Stock Performance

First Trust US Equity Opportunities ETF stock opened at $121.22 on Wednesday. First Trust US Equity Opportunities ETF has a 1 year low of $88.74 and a 1 year high of $143.53. The firm has a 50 day moving average price of $126.02 and a 200 day moving average price of $120.77. The company has a market cap of $793.99 million, a price-to-earnings ratio of 33.89 and a beta of 1.25.

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.