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ALL
AUM
$1.20B
P/E ratio
24.3
Dividend yield
0.4547%
Expense ratio
0.61%
Beta
1.237083
Previous close
$173.35
Today's open
$172.12
Day's range
$165.95 - $172.12
52 week range
$94.13 - $174.68
Equities
Domestic
Large-Cap
Growth
9.58%
8.27%
FPX: High-Beta Growth Tech Will Persist
First Trust US Equity Opportunities ETF offers exposure to top-performing US IPOs, focusing on high-growth, high-beta companies across multiple sectors. FPX has outperformed the S&P 500 recently, driven by strong gains in top holdings like GEV, APP, PLTR, and CEG, but carries higher volatility. The ETF is best suited for risk-tolerant investors seeking tactical or satellite positions, with a recommended allocation of 2-3% and a 20-30% trailing stop.
Seeking Alpha • Oct 4, 2025

Positive Momentum Continues to Build for IPO ETFs
Figma, Circle, and CoreWeave are just a few names to remind investors that the initial public offering (IPO) market is alive and kicking despite the market challenges in 2025. This opens the door into a room with IPO-focused exchange-traded funds (ETFs) that can provide niche exposure to these up and comers.
ETF Trends • Sep 24, 2025

U.S. IPO Market Rebounding Fast: ETFs Likely to Gain
IPO activity is rebounding in 2025. Chances of easier Fed policy, a strong stock market, receding trade tensions and AI boom fuel momentum.
Zacks Investment Research • Sep 12, 2025

FPX: A Time-Proven ETF To Bet On IPOs
First Trust US Equity Opportunities ETF (FPX) holds 100 liquid stocks during the 1000 trading days after their IPOs or spin-offs. FPX includes companies of all sizes, yet is quite concentrated in technology and in its top holdings. FPX is more compelling than its close competitor IPO based on performance, size, liquidity and diversification.
Seeking Alpha • Jul 21, 2025

5 American ETFs Witnessing Gains Ahead of Independence Day
SHLD, ARKW, BUZZ and other U.S. ETFs are seeing gains ahead of July 4.
Zacks Investment Research • Jul 3, 2025

ETFs to Play IPO Market's Rebound in 2025
IPO market momentum accelerates as U.S. listings surge, boosting ETFs like FPX, IPO, FPXI and IPOS across the board.
Zacks Investment Research • Jul 3, 2025

FPX: An IPOs ETF Facing A Tough Comparison To Growth-Oriented ETFs
The First Trust US Equity Opportunities ETF focuses on recent IPOs, primarily in technology, with high growth potential but elevated risks and high valuations. FPX's portfolio includes notable IPOs like AppLovin, Palantir, and CrowdStrike, with a significant allocation to mid-cap stocks. Despite decent long-term gains, FPX has underperformed compared to other growth funds and the Russell 3000, with higher volatility.
Seeking Alpha • Feb 7, 2025

A Bullish 2025 for the IPO Market? ETFs to Consider
Expectations of a favorable business climate and less stringent regulations under the incoming Trump administration have made investors optimistic about the future of the IPO market. Look at ETFs to capitalize on the optimism.
Zacks Investment Research • Jan 22, 2025

Is Post-Election Rebound in U.S. IPOs Likely? ETFs in Focus
After two years of subdued IPO activity, the U.S. IPO market may be up for a revival during Trump presidency on the likelihood of an upbeat stock market.
Zacks Investment Research • Nov 20, 2024

FPX: Growth ETF Focused On IPOs
First Trust US Equity Opportunities ETF holds 100 stocks in the first 1,000 trading days after their IPOs. FPX is well diversified across sectors, but it is quite concentrated in its top holdings. It is classified in the “Mid-Cap Growth” category. Over the last decade, FPX has outperformed another IPO-focused ETF, but lags traditional mid-cap growth funds.
Seeking Alpha • Aug 7, 2024

¹ Disclosures

Open an M1 investment account to buy and sell First Trust U.S. Equity Opportunities ETF commission-free¹. Build wealth for the long term using automated trading and transfers.