121,857 Shares in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 121,857 shares of the company’s stock, valued at approximately $4,420,000.

Several other hedge funds have also recently bought and sold shares of the stock. Jane Street Group LLC grew its holdings in shares of First Trust Dow 30 Equal Weight ETF by 23.0% in the 3rd quarter. Jane Street Group LLC now owns 24,565 shares of the company’s stock worth $884,000 after purchasing an additional 4,588 shares during the last quarter. Stifel Financial Corp boosted its position in First Trust Dow 30 Equal Weight ETF by 10.6% in the third quarter. Stifel Financial Corp now owns 9,555 shares of the company’s stock valued at $344,000 after buying an additional 915 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in First Trust Dow 30 Equal Weight ETF by 9.1% during the fourth quarter. Stratos Wealth Partners LTD. now owns 16,356 shares of the company’s stock worth $593,000 after buying an additional 1,360 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of First Trust Dow 30 Equal Weight ETF by 471.5% during the third quarter. JPMorgan Chase & Co. now owns 3,063 shares of the company’s stock worth $110,000 after buying an additional 2,527 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of First Trust Dow 30 Equal Weight ETF during the fourth quarter worth approximately $243,000.

First Trust Dow 30 Equal Weight ETF Price Performance

Shares of EDOW opened at $34.68 on Friday. The company has a market capitalization of $225.42 million, a P/E ratio of 21.65 and a beta of 0.90. First Trust Dow 30 Equal Weight ETF has a one year low of $31.52 and a one year high of $38.24. The business’s 50 day simple moving average is $35.70 and its 200-day simple moving average is $36.48.

First Trust Dow 30 Equal Weight ETF Company Profile

The First Trust Dow 30 Equal Weight ETF (EDOW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of companies included in the Dow Jones Industrial Average. EDOW was launched on Aug 8, 2017 and is managed by First Trust.