Independent Advisor Alliance Invests $6.76 Million in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW)

Independent Advisor Alliance purchased a new position in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 186,356 shares of the company’s stock, valued at approximately $6,759,000. Independent Advisor Alliance owned approximately 2.68% of First Trust Dow 30 Equal Weight ETF at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Vestmark Advisory Solutions Inc. raised its position in shares of First Trust Dow 30 Equal Weight ETF by 1.0% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 341,227 shares of the company’s stock worth $12,376,000 after acquiring an additional 3,239 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of First Trust Dow 30 Equal Weight ETF in the 4th quarter worth $4,420,000. Atria Investments Inc raised its position in shares of First Trust Dow 30 Equal Weight ETF by 14.7% in the 4th quarter. Atria Investments Inc now owns 12,228 shares of the company’s stock worth $444,000 after acquiring an additional 1,570 shares in the last quarter. Private Trust Co. NA raised its position in shares of First Trust Dow 30 Equal Weight ETF by 303.0% in the 4th quarter. Private Trust Co. NA now owns 2,660 shares of the company’s stock worth $96,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in shares of First Trust Dow 30 Equal Weight ETF by 10.3% in the 4th quarter. Private Advisor Group LLC now owns 9,388 shares of the company’s stock worth $340,000 after acquiring an additional 873 shares in the last quarter.

First Trust Dow 30 Equal Weight ETF Trading Down 1.8 %

EDOW opened at $36.55 on Tuesday. First Trust Dow 30 Equal Weight ETF has a 12 month low of $32.56 and a 12 month high of $38.24. The stock has a fifty day moving average price of $37.26 and a 200-day moving average price of $36.58. The firm has a market cap of $228.44 million, a price-to-earnings ratio of 24.03 and a beta of 0.91.

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.