Wealthfront Advisers LLC Has $30,000 Position in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW)

Wealthfront Advisers LLC reduced its position in shares of First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) by 93.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 826 shares of the company’s stock after selling 11,903 shares during the period. Wealthfront Advisers LLC’s holdings in First Trust Dow 30 Equal Weight ETF were worth $30,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Private Trust Co. NA boosted its position in shares of First Trust Dow 30 Equal Weight ETF by 303.0% during the fourth quarter. Private Trust Co. NA now owns 2,660 shares of the company’s stock worth $96,000 after buying an additional 2,000 shares during the period. JPMorgan Chase & Co. boosted its position in shares of First Trust Dow 30 Equal Weight ETF by 471.5% during the third quarter. JPMorgan Chase & Co. now owns 3,063 shares of the company’s stock worth $110,000 after buying an additional 2,527 shares during the period. Nations Financial Group Inc. IA ADV acquired a new position in shares of First Trust Dow 30 Equal Weight ETF during the fourth quarter worth about $200,000. International Assets Investment Management LLC acquired a new position in shares of First Trust Dow 30 Equal Weight ETF during the fourth quarter worth about $237,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of First Trust Dow 30 Equal Weight ETF during the fourth quarter worth about $243,000.

First Trust Dow 30 Equal Weight ETF Price Performance

EDOW stock opened at $36.17 on Wednesday. The stock has a market capitalization of $224.25 million, a P/E ratio of 22.92 and a beta of 0.91. The business has a 50-day moving average of $37.23 and a 200-day moving average of $36.62. First Trust Dow 30 Equal Weight ETF has a fifty-two week low of $32.56 and a fifty-two week high of $38.24.

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.