Wedbush Securities Inc. Acquires 12,500 Shares of First Trust Dow 30 Equal Weight ETF $EDOW

Wedbush Securities Inc. acquired a new stake in shares of First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) during the third quarter, Holdings Channel reports. The institutional investor acquired 12,500 shares of the company’s stock, valued at approximately $554,000.

Several other hedge funds have also recently made changes to their positions in EDOW. Envestnet Asset Management Inc. raised its stake in First Trust Dow 30 Equal Weight ETF by 6.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 131,091 shares of the company’s stock worth $5,780,000 after acquiring an additional 7,825 shares during the last quarter. Kirkwood Financial Services acquired a new stake in First Trust Dow 30 Equal Weight ETF during the 2nd quarter worth about $6,174,000. Ameritas Advisory Services LLC grew its stake in First Trust Dow 30 Equal Weight ETF by 7.7% during the 2nd quarter. Ameritas Advisory Services LLC now owns 43,551 shares of the company’s stock valued at $1,920,000 after purchasing an additional 3,120 shares during the last quarter. Guardian Wealth Advisors LLC NC grew its stake in First Trust Dow 30 Equal Weight ETF by 0.9% during the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 84,278 shares of the company’s stock valued at $3,716,000 after purchasing an additional 750 shares during the last quarter. Finally, POM Investment Strategies LLC grew its stake in First Trust Dow 30 Equal Weight ETF by 227.7% during the 2nd quarter. POM Investment Strategies LLC now owns 1,206 shares of the company’s stock valued at $53,000 after purchasing an additional 838 shares during the last quarter.

First Trust Dow 30 Equal Weight ETF Stock Performance

Shares of EDOW stock opened at $46.21 on Wednesday. First Trust Dow 30 Equal Weight ETF has a fifty-two week low of $39.69 and a fifty-two week high of $46.90. The firm has a market capitalization of $323.47 million, a PE ratio of 20.87 and a beta of 0.84. The stock’s 50-day simple moving average is $45.62 and its 200-day simple moving average is $43.75.

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.