NewEdge Advisors LLC Sells 187,284 Shares of First Trust Dow 30 Equal Weight ETF $EDOW

NewEdge Advisors LLC reduced its holdings in shares of First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) by 88.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,651 shares of the company’s stock after selling 187,284 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Dow 30 Equal Weight ETF were worth $960,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Integrated Wealth Concepts LLC boosted its stake in shares of First Trust Dow 30 Equal Weight ETF by 4.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 5,347 shares of the company’s stock worth $221,000 after acquiring an additional 235 shares during the last quarter. Kovack Advisors Inc. increased its stake in shares of First Trust Dow 30 Equal Weight ETF by 0.5% in the 4th quarter. Kovack Advisors Inc. now owns 65,109 shares of the company’s stock worth $2,689,000 after purchasing an additional 299 shares in the last quarter. MML Investors Services LLC raised its holdings in First Trust Dow 30 Equal Weight ETF by 3.1% in the 4th quarter. MML Investors Services LLC now owns 15,436 shares of the company’s stock worth $638,000 after purchasing an additional 460 shares during the period. Stratos Wealth Partners LTD. raised its holdings in First Trust Dow 30 Equal Weight ETF by 3.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 13,585 shares of the company’s stock worth $561,000 after purchasing an additional 500 shares during the period. Finally, Kestra Advisory Services LLC raised its holdings in First Trust Dow 30 Equal Weight ETF by 1.8% in the 4th quarter. Kestra Advisory Services LLC now owns 43,307 shares of the company’s stock worth $1,789,000 after purchasing an additional 748 shares during the period.

First Trust Dow 30 Equal Weight ETF Stock Performance

NYSEARCA EDOW opened at $45.35 on Friday. The business’s fifty day moving average is $44.22 and its 200 day moving average is $42.89. First Trust Dow 30 Equal Weight ETF has a fifty-two week low of $37.83 and a fifty-two week high of $45.71. The company has a market capitalization of $315.18 million, a PE ratio of 20.87 and a beta of 0.83.

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.