Kovack Advisors Inc. Has $2.02 Million Holdings in First Trust Dow 30 Equal Weight ETF $EDOW

Kovack Advisors Inc. lifted its holdings in shares of First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) by 0.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,609 shares of the company’s stock after buying an additional 300 shares during the period. Kovack Advisors Inc.’s holdings in First Trust Dow 30 Equal Weight ETF were worth $2,017,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC grew its position in First Trust Dow 30 Equal Weight ETF by 43.4% in the first quarter. NewEdge Advisors LLC now owns 166,470 shares of the company’s stock valued at $6,030,000 after acquiring an additional 50,403 shares during the last quarter. Envestnet Asset Management Inc. grew its position in First Trust Dow 30 Equal Weight ETF by 4.7% in the second quarter. Envestnet Asset Management Inc. now owns 80,651 shares of the company’s stock valued at $3,091,000 after acquiring an additional 3,602 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in First Trust Dow 30 Equal Weight ETF by 2.0% in the second quarter. Wealthcare Advisory Partners LLC now owns 67,802 shares of the company’s stock valued at $2,599,000 after acquiring an additional 1,317 shares during the last quarter. Cetera Investment Advisers grew its position in First Trust Dow 30 Equal Weight ETF by 0.8% in the first quarter. Cetera Investment Advisers now owns 57,104 shares of the company’s stock valued at $2,069,000 after acquiring an additional 455 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its position in First Trust Dow 30 Equal Weight ETF by 2.5% in the first quarter. Kestra Advisory Services LLC now owns 48,396 shares of the company’s stock valued at $1,753,000 after acquiring an additional 1,202 shares during the last quarter.

First Trust Dow 30 Equal Weight ETF Stock Down 0.2%

First Trust Dow 30 Equal Weight ETF stock opened at $40.66 on Friday. First Trust Dow 30 Equal Weight ETF has a 12-month low of $31.52 and a 12-month high of $41.12. The business’s 50-day moving average price is $39.88 and its two-hundred day moving average price is $38.18. The stock has a market cap of $227.70 million, a PE ratio of 20.87 and a beta of 0.91.

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.