Envestnet Asset Management Inc. Increases Holdings in First Trust Dow 30 Equal Weight ETF $EDOW

Envestnet Asset Management Inc. boosted its position in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) by 4.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,651 shares of the company’s stock after buying an additional 3,602 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.40% of First Trust Dow 30 Equal Weight ETF worth $3,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Advisor Group LLC lifted its holdings in shares of First Trust Dow 30 Equal Weight ETF by 4.0% in the 1st quarter. Private Advisor Group LLC now owns 9,766 shares of the company’s stock worth $354,000 after acquiring an additional 378 shares during the last quarter. Kovack Advisors Inc. raised its position in First Trust Dow 30 Equal Weight ETF by 40.2% in the 1st quarter. Kovack Advisors Inc. now owns 52,309 shares of the company’s stock worth $1,895,000 after purchasing an additional 15,001 shares during the period. Cetera Investment Advisers raised its position in First Trust Dow 30 Equal Weight ETF by 0.8% in the 1st quarter. Cetera Investment Advisers now owns 57,104 shares of the company’s stock worth $2,069,000 after purchasing an additional 455 shares during the period. Benjamin Edwards Inc. lifted its stake in First Trust Dow 30 Equal Weight ETF by 1.1% in the first quarter. Benjamin Edwards Inc. now owns 29,888 shares of the company’s stock worth $1,083,000 after purchasing an additional 320 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its stake in First Trust Dow 30 Equal Weight ETF by 2.5% in the first quarter. Kestra Advisory Services LLC now owns 48,396 shares of the company’s stock worth $1,753,000 after purchasing an additional 1,202 shares during the last quarter.

First Trust Dow 30 Equal Weight ETF Trading Down 0.5%

Shares of NYSEARCA:EDOW opened at $40.73 on Friday. The stock’s 50-day moving average price is $40.12 and its 200-day moving average price is $38.70. First Trust Dow 30 Equal Weight ETF has a 12-month low of $31.52 and a 12-month high of $41.51. The stock has a market capitalization of $228.09 million, a P/E ratio of 20.87 and a beta of 0.91.

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.