Bank of America Corp DE Sells 34,737 Shares of First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW)

Bank of America Corp DE decreased its position in shares of First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) by 60.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,574 shares of the company’s stock after selling 34,737 shares during the period. Bank of America Corp DE owned 0.32% of First Trust Dow 30 Equal Weight ETF worth $819,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in EDOW. Janney Montgomery Scott LLC acquired a new position in First Trust Dow 30 Equal Weight ETF in the 4th quarter worth approximately $243,000. Stratos Wealth Partners LTD. boosted its position in First Trust Dow 30 Equal Weight ETF by 9.1% during the fourth quarter. Stratos Wealth Partners LTD. now owns 16,356 shares of the company’s stock worth $593,000 after purchasing an additional 1,360 shares in the last quarter. POM Investment Strategies LLC lifted its position in shares of First Trust Dow 30 Equal Weight ETF by 1.6% during the 4th quarter. POM Investment Strategies LLC now owns 224,619 shares of the company’s stock valued at $8,147,000 after buying an additional 3,512 shares in the last quarter. Nations Financial Group Inc. IA ADV acquired a new stake in shares of First Trust Dow 30 Equal Weight ETF in the fourth quarter valued at about $200,000. Finally, D.A. Davidson & CO. boosted its holdings in First Trust Dow 30 Equal Weight ETF by 8.5% in the 4th quarter. D.A. Davidson & CO. now owns 25,165 shares of the company’s stock worth $913,000 after buying an additional 1,965 shares during the last quarter.

First Trust Dow 30 Equal Weight ETF Stock Performance

Shares of EDOW opened at $37.39 on Monday. First Trust Dow 30 Equal Weight ETF has a one year low of $31.52 and a one year high of $38.24. The stock has a market capitalization of $224.34 million, a price-to-earnings ratio of 22.10 and a beta of 0.91. The stock has a 50 day moving average price of $35.42 and a 200 day moving average price of $36.51.

First Trust Dow 30 Equal Weight ETF 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.