NewEdge Advisors LLC Sells 186,383 Shares of First Trust Dow 30 Equal Weight ETF $EDOW

NewEdge Advisors LLC lessened its holdings in shares of First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) by 88.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,552 shares of the company’s stock after selling 186,383 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Dow 30 Equal Weight ETF were worth $996,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Western Wealth Management LLC acquired a new stake in shares of First Trust Dow 30 Equal Weight ETF in the first quarter valued at approximately $26,000. Hazlett Burt & Watson Inc. grew 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 worth $47,000 after buying an additional 750 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in First Trust Dow 30 Equal Weight ETF by 484.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,630 shares of the company’s stock worth $67,000 after buying an additional 1,351 shares in the last quarter. Ascentis Independent Advisors bought a new position in First Trust Dow 30 Equal Weight ETF during the 1st quarter worth $98,000. Finally, Parallel Advisors LLC increased its stake in First Trust Dow 30 Equal Weight ETF by 84.6% during the 4th quarter. Parallel Advisors LLC now owns 2,574 shares of the company’s stock worth $106,000 after acquiring an additional 1,180 shares during the period.

First Trust Dow 30 Equal Weight ETF Price Performance

Shares of NYSEARCA EDOW opened at $46.05 on Wednesday. The business has a fifty day moving average price of $44.84 and a two-hundred day moving average price of $43.25. The stock has a market capitalization of $320.05 million, a PE ratio of 20.87 and a beta of 0.83. First Trust Dow 30 Equal Weight ETF has a fifty-two week low of $39.01 and a fifty-two week high of $46.90.

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.