NewEdge Advisors LLC trimmed its holdings in shares of First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW – Free Report) by 88.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,552 shares of the company’s stock after selling 186,383 shares during the quarter. NewEdge Advisors LLC owned 0.35% of First Trust Dow 30 Equal Weight ETF worth $996,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. lifted its stake in First Trust Dow 30 Equal Weight ETF by 68.0% in the second quarter. Raymond James Financial Inc. now owns 164,622 shares of the company’s stock valued at $6,310,000 after buying an additional 66,639 shares in the last quarter. Susquehanna International Group LLP bought a new stake in shares of First Trust Dow 30 Equal Weight ETF during the third quarter worth $1,283,000. Gateway Wealth Partners LLC raised its holdings in shares of First Trust Dow 30 Equal Weight ETF by 309.6% during the first quarter. Gateway Wealth Partners LLC now owns 38,606 shares of the company’s stock worth $1,566,000 after acquiring an additional 29,180 shares during the period. Cetera Investment Advisers raised its holdings in shares of First Trust Dow 30 Equal Weight ETF by 46.5% during the first quarter. Cetera Investment Advisers now owns 82,275 shares of the company’s stock worth $3,338,000 after acquiring an additional 26,125 shares during the period. Finally, Wedbush Securities Inc. acquired a new stake in shares of First Trust Dow 30 Equal Weight ETF during the fourth quarter worth $516,000.
First Trust Dow 30 Equal Weight ETF Trading Up 0.3%
EDOW opened at $46.05 on Wednesday. The stock has a market capitalization of $320.05 million, a P/E ratio of 20.87 and a beta of 0.83. First Trust Dow 30 Equal Weight ETF has a 12 month low of $39.01 and a 12 month high of $46.90. The firm’s fifty day simple moving average is $44.84 and its 200 day simple moving average is $43.25.
First Trust Dow 30 Equal Weight ETF 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.
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