NewEdge Advisors LLC Reduces Stock Position in First Trust Dow 30 Equal Weight ETF $EDOW

NewEdge Advisors LLC cut its stake in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) by 88.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,651 shares of the company’s stock after selling 187,284 shares during the quarter. NewEdge Advisors LLC owned 0.34% of First Trust Dow 30 Equal Weight ETF worth $960,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Hazlett Burt & Watson Inc. lifted its position in First Trust Dow 30 Equal Weight ETF by 189.9% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,145 shares of the company’s stock valued at $47,000 after purchasing an additional 750 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of First Trust Dow 30 Equal Weight ETF by 484.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,630 shares of the company’s stock valued at $67,000 after buying an additional 1,351 shares during the period. Ascentis Independent Advisors bought a new position in shares of First Trust Dow 30 Equal Weight ETF during the 1st quarter valued at $98,000. Parallel Advisors LLC boosted its stake in shares of First Trust Dow 30 Equal Weight ETF by 84.6% in the 4th quarter. Parallel Advisors LLC now owns 2,574 shares of the company’s stock worth $106,000 after buying an additional 1,180 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of First Trust Dow 30 Equal Weight ETF in the third quarter worth $204,000.

First Trust Dow 30 Equal Weight ETF Price Performance

Shares of EDOW opened at $45.35 on Friday. The firm has a market capitalization of $315.18 million, a P/E ratio of 20.87 and a beta of 0.83. First Trust Dow 30 Equal Weight ETF has a one year low of $37.83 and a one year high of $45.71. The business has a fifty day moving average of $44.22 and a 200 day moving average of $42.89.

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.