Ocean Park Asset Management LLC Invests $10.38 Million in First Trust US Equity Opportunities ETF $FPX

Ocean Park Asset Management LLC bought a new position in shares of First Trust US Equity Opportunities ETF (NYSEARCA:FPX) during the second quarter, Holdings Channel.com reports. The fund bought 50,325 shares of the company’s stock, valued at approximately $10,376,000.

A number of other large investors have also added to or reduced their stakes in the business. Comerica Bank lifted its holdings in First Trust US Equity Opportunities ETF by 457.6% during the 3rd quarter. Comerica Bank now owns 184 shares of the company’s stock valued at $31,000 after purchasing an additional 151 shares during the last quarter. Fifth Third Bancorp bought a new position in First Trust US Equity Opportunities ETF during the first quarter worth $32,000. Osbon Capital Management LLC acquired a new position in shares of First Trust US Equity Opportunities ETF in the fourth quarter valued at $43,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of First Trust US Equity Opportunities ETF in the fourth quarter valued at $59,000. Finally, International Assets Investment Management LLC acquired a new position in shares of First Trust US Equity Opportunities ETF in the fourth quarter valued at $86,000.

First Trust US Equity Opportunities ETF Price Performance

Shares of FPX opened at $181.20 on Wednesday. The company’s 50-day moving average is $189.77 and its 200-day moving average is $178.01. The firm has a market capitalization of $1.50 billion, a PE ratio of 32.81 and a beta of 1.28. First Trust US Equity Opportunities ETF has a fifty-two week low of $142.97 and a fifty-two week high of $206.18.

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. The Index utilizes a 10% capping on all constituents and includes the 100 largest, typically best-performing and most liquid initial public offerings (IPOs) of the United States companies in the IPOX Global Composite Index.