Vestmark Advisory Solutions Inc. Has $10.61 Million Position in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW)

Vestmark Advisory Solutions Inc. boosted its stake in shares of First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) by 1.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 325,407 shares of the company’s stock after purchasing an additional 5,718 shares during the period. Vestmark Advisory Solutions Inc. owned about 4.34% of First Trust Dow 30 Equal Weight ETF worth $10,608,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EDOW. New England Capital Financial Advisors LLC purchased a new stake in shares of First Trust Dow 30 Equal Weight ETF during the 3rd quarter worth about $207,000. Envestnet Portfolio Solutions Inc. bought a new position in First Trust Dow 30 Equal Weight ETF during the third quarter valued at approximately $256,000. HBW Advisory Services LLC acquired a new stake in First Trust Dow 30 Equal Weight ETF in the fourth quarter valued at approximately $272,000. D.A. Davidson & CO. grew its position in First Trust Dow 30 Equal Weight ETF by 14.2% in the third quarter. D.A. Davidson & CO. now owns 10,120 shares of the company’s stock worth $294,000 after acquiring an additional 1,258 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of First Trust Dow 30 Equal Weight ETF by 6.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 27,139 shares of the company’s stock worth $885,000 after purchasing an additional 1,628 shares during the last quarter.

First Trust Dow 30 Equal Weight ETF Stock Performance

Shares of First Trust Dow 30 Equal Weight ETF stock traded up $0.35 during midday trading on Friday, reaching $33.34. 7,238 shares of the company’s stock traded hands, compared to its average volume of 49,296. First Trust Dow 30 Equal Weight ETF has a 52 week low of $28.04 and a 52 week high of $34.46. The company’s 50 day simple moving average is $33.56 and its 200 day simple moving average is $32.28. The company has a market cap of $236.71 million, a price-to-earnings ratio of 20.56 and a beta of 0.74.

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.