First Trust US Equity Opportunities ETF (FPX) Exceeds $1 Billion in Net Assets

First Trust Advisors L.P.  announced  that net assets for the First Trust US Equity Opportunities ETF (NYSE Arca: FPX) (formerly First Trust US IPO Index Fund) now exceed $1 billion. 

FPX is an ETF with an investment objective to seek investment results that correspond generally to the price and yield of the IPOX®-100 U.S. Index. 

The index includes the 100 largest IPOs in the composite index. The index tilts toward mid- and large-cap stocks and has historically captured approximately 85% of total market capitalization created through U.S. IPO activity, according to IPOX Schuster, LLC.