Blue Trust Inc. Acquires New Shares in First Trust US Equity Opportunities ETF

Blue Trust Inc. has made a significant move by acquiring a new stake in the First Trust US Equity Opportunities ETF (NYSEARCA:FPX) during the fourth quarter. According to reports from HoldingsChannel, the company purchased 880 shares of FPX, with a total investment of approximately $105,000.

This acquisition is part of a broader trend, as several other large investors have also engaged in buying and selling shares of the First Trust US Equity Opportunities ETF. For instance, Janney Montgomery Scott LLC took a new position in the ETF in the third quarter, investing $5,178,000. Similarly, Golden State Wealth Management LLC entered the picture by acquiring a new stake in the fourth quarter valued at around $2,543,000. Proactive Wealth Strategies LLC also joined the ranks by purchasing shares in the third quarter for a value of $2,112,000.

Another noteworthy investor, Calton & Associates Inc., increased their position in the ETF by 75.1% during the fourth quarter. Following their additional purchase of 5,842 shares, Calton & Associates Inc. now holds a total of 13,619 shares worth approximately $1,628,000. Finally, Benjamin Edwards Inc. made a new move in the third quarter by buying shares valued at about $592,000.

Current Performance of First Trust US Equity Opportunities ETF

As of Friday, the shares of FPX are trading at $129.99, reflecting a decrease of 4.6%. The ETF boasts a market capitalization of $948.93 million, with a price-to-earnings (PE) ratio of 20.57 and a beta of 1.56. Over the past year, the ETF has experienced a low of $88.74 and a high of $143.53. Its 50-day moving average price stands at $128.45, while the 200-day moving average is at $118.11.

Overview of the First Trust US Equity Opportunities ETF

The First Trust US IPO Index Fund, known as the Fund, aims to match the investment results of an equity index called the IPOX-100 U.S. Index. This Fund typically invests at least 90% of its assets in common stocks that are part of the index. The IPOX-100 U.S. Index is a modified value-weighted price index that tracks the performance of the top 100 companies in the United States, ranked quarterly by market capitalization in the IPOX Global Composite Index.

ETF, Investment, Shares