New England Capital Financial Advisors LLC Trims Position in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW)

New England Capital Financial Advisors LLC lowered its stake in shares of First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) by 20.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,769 shares of the company’s stock after selling 1,988 shares during the quarter. New England Capital Financial Advisors LLC owned about 0.11% of First Trust Dow 30 Equal Weight ETF worth $260,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. ICA Group Wealth Management LLC acquired a new position in shares of First Trust Dow 30 Equal Weight ETF in the fourth quarter valued at approximately $26,000. Tidemark LLC purchased a new stake in shares of First Trust Dow 30 Equal Weight ETF in the fourth quarter valued at about $27,000. PNC Financial Services Group Inc. boosted its holdings in shares of First Trust Dow 30 Equal Weight ETF by 98.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,466 shares of the company’s stock valued at $48,000 after acquiring an additional 727 shares in the last quarter. ORG Partners LLC acquired a new position in shares of First Trust Dow 30 Equal Weight ETF during the second quarter worth about $132,000. Finally, Private Advisor Group LLC raised its holdings in First Trust Dow 30 Equal Weight ETF by 19.0% during the fourth quarter. Private Advisor Group LLC now owns 8,729 shares of the company’s stock worth $285,000 after purchasing an additional 1,395 shares in the last quarter.

First Trust Dow 30 Equal Weight ETF Stock Performance

EDOW traded up $0.18 during trading on Friday, reaching $35.30. The company’s stock had a trading volume of 19,783 shares, compared to its average volume of 38,977. The company has a market capitalization of $245.34 million, a price-to-earnings ratio of 20.85 and a beta of 0.71. The company’s fifty day moving average price is $34.13 and its 200-day moving average price is $33.78. First Trust Dow 30 Equal Weight ETF has a 52-week low of $28.04 and a 52-week high of $35.31.

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.