New England Capital Financial Advisors LLC Purchases 2,618 Shares of First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW)

New England Capital Financial Advisors LLC boosted its position in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) by 36.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,742 shares of the company’s stock after buying an additional 2,618 shares during the period. New England Capital Financial Advisors LLC owned approximately 0.13% of First Trust Dow 30 Equal Weight ETF worth $318,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kestra Advisory Services LLC increased its position in First Trust Dow 30 Equal Weight ETF by 45.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 804,448 shares of the company’s stock valued at $23,353,000 after buying an additional 250,518 shares in the last quarter. J Arnold Wealth Management Co bought a new stake in First Trust Dow 30 Equal Weight ETF during the 3rd quarter worth approximately $11,673,000. Raymond James Financial Services Advisors Inc. increased its holdings in First Trust Dow 30 Equal Weight ETF by 2.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 149,820 shares of the company’s stock worth $4,349,000 after purchasing an additional 3,816 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in First Trust Dow 30 Equal Weight ETF by 5.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 131,726 shares of the company’s stock worth $3,824,000 after purchasing an additional 7,021 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in First Trust Dow 30 Equal Weight ETF by 23.5% during the 3rd quarter. Raymond James & Associates now owns 78,784 shares of the company’s stock worth $2,287,000 after purchasing an additional 15,009 shares in the last quarter.

First Trust Dow 30 Equal Weight ETF Stock Performance

EDOW traded up $0.19 during midday trading on Tuesday, reaching $33.23. 12,843 shares of the company were exchanged, compared to its average volume of 50,495. The company’s fifty day moving average price is $33.61 and its 200 day moving average price is $32.05. The company has a market cap of $235.96 million, a price-to-earnings ratio of 20.56 and a beta of 0.74. First Trust Dow 30 Equal Weight ETF has a one year low of $28.04 and a one year high of $34.46.

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.