First Trust Dow 30 Equal Weight ETF $EDOW Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its holdings in shares of First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) by 31.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,407 shares of the company’s stock after selling 25,244 shares during the period. Envestnet Asset Management Inc. owned approximately 0.99% of First Trust Dow 30 Equal Weight ETF worth $2,213,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Vestmark Advisory Solutions Inc. increased its holdings in shares of First Trust Dow 30 Equal Weight ETF by 78.6% in the second quarter. Vestmark Advisory Solutions Inc. now owns 558,824 shares of the company’s stock valued at $21,420,000 after buying an additional 245,925 shares in the last quarter. Summit Investment Advisory Services LLC acquired a new stake in shares of First Trust Dow 30 Equal Weight ETF during the second quarter worth $3,000,000. Raymond James Financial Inc. lifted its holdings in shares of First Trust Dow 30 Equal Weight ETF by 68.0% during the second 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 boosted its position 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 period. Finally, Osaic Holdings Inc. boosted its position in shares of First Trust Dow 30 Equal Weight ETF by 9.0% in the 2nd quarter. Osaic Holdings Inc. now owns 160,233 shares of the company’s stock valued at $6,142,000 after purchasing an additional 13,225 shares during the period.

First Trust Dow 30 Equal Weight ETF Trading Down 0.1%

NYSEARCA EDOW opened at $43.04 on Friday. First Trust Dow 30 Equal Weight ETF has a 1 year low of $31.52 and a 1 year high of $43.75. The company has a market cap of $292.67 million, a PE ratio of 20.87 and a beta of 0.91. The stock’s 50-day moving average price is $42.41 and its two-hundred day moving average price is $40.97.

About First Trust Dow 30 Equal Weight ETF

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.