Osaic Holdings Inc. Raises Stake in First Trust Dow 30 Equal Weight ETF $EDOW

Osaic Holdings Inc. raised its holdings in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) by 9.0% during the second quarter, HoldingsChannel reports. The firm owned 160,233 shares of the company’s stock after buying an additional 13,225 shares during the period. Osaic Holdings Inc.’s holdings in First Trust Dow 30 Equal Weight ETF were worth $6,142,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. MML Investors Services LLC increased its position in First Trust Dow 30 Equal Weight ETF by 1.2% in the 2nd quarter. MML Investors Services LLC now owns 40,194 shares of the company’s stock valued at $1,541,000 after acquiring an additional 482 shares during the period. Bank of America Corp DE lifted its position in First Trust Dow 30 Equal Weight ETF by 49.2% during the 2nd quarter. Bank of America Corp DE now owns 33,411 shares of the company’s stock worth $1,281,000 after acquiring an additional 11,021 shares during the period. Raymond James Financial Inc. grew its stake in shares of First Trust Dow 30 Equal Weight ETF by 68.0% in the 2nd quarter. Raymond James Financial Inc. now owns 164,622 shares of the company’s stock valued at $6,310,000 after purchasing an additional 66,639 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of First Trust Dow 30 Equal Weight ETF by 14.0% in the 2nd quarter. NewEdge Advisors LLC now owns 189,856 shares of the company’s stock valued at $7,277,000 after purchasing an additional 23,386 shares during the last quarter. Finally, StoneX Group Inc. increased its holdings in shares of First Trust Dow 30 Equal Weight ETF by 8.9% in the second quarter. StoneX Group Inc. now owns 8,222 shares of the company’s stock valued at $315,000 after purchasing an additional 673 shares during the period.

First Trust Dow 30 Equal Weight ETF Price Performance

First Trust Dow 30 Equal Weight ETF stock opened at $41.30 on Tuesday. The business has a 50 day simple moving average of $40.75 and a 200-day simple moving average of $39.55. First Trust Dow 30 Equal Weight ETF has a 12 month low of $31.52 and a 12 month high of $41.81. The stock has a market capitalization of $231.28 million, a PE ratio of 20.87 and a beta of 0.91.

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.