Commonwealth Equity Services LLC Raises Holdings in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW)

Commonwealth Equity Services LLC lifted its stake in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) by 13.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 184,130 shares of the company’s stock after buying an additional 22,398 shares during the quarter. Commonwealth Equity Services LLC owned approximately 2.65% of First Trust Dow 30 Equal Weight ETF worth $6,678,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Private Trust Co. NA boosted its position in First Trust Dow 30 Equal Weight ETF by 303.0% during the fourth quarter. Private Trust Co. NA now owns 2,660 shares of the company’s stock worth $96,000 after purchasing an additional 2,000 shares in the last quarter. JPMorgan Chase & Co. boosted its position in 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 purchasing an additional 2,527 shares in the last quarter. Nations Financial Group Inc. IA ADV purchased a new position in First Trust Dow 30 Equal Weight ETF during the fourth quarter worth approximately $200,000. International Assets Investment Management LLC purchased a new position in First Trust Dow 30 Equal Weight ETF during the fourth quarter worth approximately $237,000. Finally, Janney Montgomery Scott LLC purchased a new position in First Trust Dow 30 Equal Weight ETF during the fourth quarter worth approximately $243,000.

First Trust Dow 30 Equal Weight ETF Trading Down 0.3 %

Shares of EDOW stock opened at $36.36 on Friday. The company has a market capitalization of $225.43 million, a P/E ratio of 22.92 and a beta of 0.91. The business’s 50 day moving average is $37.25 and its two-hundred day moving average is $36.63. First Trust Dow 30 Equal Weight ETF has a 12-month low of $32.56 and a 12-month high of $38.24.

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.