New England Capital Financial Advisors LLC Increases Stock Position in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW)

New England Capital Financial Advisors LLC boosted its stake in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) by 36.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,742 shares of the company’s stock after purchasing an additional 2,618 shares during the quarter. New England Capital Financial Advisors LLC’s holdings in First Trust Dow 30 Equal Weight ETF were worth $318,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. DAVENPORT & Co LLC raised its position in shares of First Trust Dow 30 Equal Weight ETF by 12.2% during the 3rd quarter. DAVENPORT & Co LLC now owns 29,308 shares of the company’s stock valued at $851,000 after buying an additional 3,190 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of 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 valued at $3,824,000 after buying an additional 7,021 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of First Trust Dow 30 Equal Weight ETF by 21.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 54,225 shares of the company’s stock valued at $1,574,000 after buying an additional 9,465 shares in the last quarter. Raymond James & Associates raised its position in shares of 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 valued at $2,287,000 after buying an additional 15,009 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of 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 valued at $4,349,000 after buying an additional 3,816 shares in the last quarter.

First Trust Dow 30 Equal Weight ETF Price Performance

Shares of NYSEARCA EDOW traded up $0.19 during mid-day trading on Tuesday, hitting $33.23. 12,843 shares of the company’s stock traded hands, compared to its average volume of 50,495. The company’s 50-day moving average is $33.61 and its two-hundred day moving average is $32.05. The company has a market capitalization of $235.96 million, a P/E ratio of 20.56 and a beta of 0.74. First Trust Dow 30 Equal Weight ETF has a 1 year low of $28.04 and a 1 year high of $34.46.

About First Trust Dow 30 Equal Weight ETF

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.