Wealth Effects LLC Sells 1,156 Shares of First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW)

Wealth Effects LLC lowered its holdings in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) by 13.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,581 shares of the company’s stock after selling 1,156 shares during the quarter. Wealth Effects LLC owned approximately 0.11% of First Trust Dow 30 Equal Weight ETF worth $254,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of EDOW. Regal Investment Advisors LLC purchased a new stake in shares of First Trust Dow 30 Equal Weight ETF during the fourth quarter valued at about $7,044,000. Tidemark LLC purchased a new stake in First Trust Dow 30 Equal Weight ETF during the fourth quarter valued at approximately $27,000. Private Advisor Group LLC boosted its stake in First Trust Dow 30 Equal Weight ETF by 19.0% in the fourth quarter. Private Advisor Group LLC now owns 8,729 shares of the company’s stock valued at $285,000 after acquiring an additional 1,395 shares in the last quarter. International Assets Investment Management LLC purchased a new position in First Trust Dow 30 Equal Weight ETF in the fourth quarter worth $2,353,000. Finally, D.A. Davidson & CO. increased its position in shares of First Trust Dow 30 Equal Weight ETF by 58.0% during the fourth quarter. D.A. Davidson & CO. now owns 15,986 shares of the company’s stock worth $521,000 after purchasing an additional 5,866 shares in the last quarter.

First Trust Dow 30 Equal Weight ETF Price Performance

First Trust Dow 30 Equal Weight ETF stock opened at $34.82 on Thursday. First Trust Dow 30 Equal Weight ETF has a 1-year low of $28.04 and a 1-year high of $35.31. The business has a fifty day moving average price of $34.17 and a 200-day moving average price of $33.81. The stock has a market capitalization of $242.00 million, a price-to-earnings ratio of 20.85 and a beta of 0.71.

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.