Envestnet Portfolio Solutions Inc. Lowers Position in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW)

Envestnet Portfolio Solutions Inc. trimmed its stake in shares of First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) by 9.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,353 shares of the company’s stock after selling 781 shares during the period. Envestnet Portfolio Solutions Inc. owned 0.11% of First Trust Dow 30 Equal Weight ETF worth $267,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its position in shares of First Trust Dow 30 Equal Weight ETF by 13.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 184,130 shares of the company’s stock worth $6,678,000 after buying an additional 22,398 shares in the last quarter. Independent Advisor Alliance bought a new position in shares of First Trust Dow 30 Equal Weight ETF during the 4th quarter valued at approximately $6,759,000. Vestmark Advisory Solutions Inc. increased its position in First Trust Dow 30 Equal Weight ETF by 1.0% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 341,227 shares of the company’s stock worth $12,376,000 after purchasing an additional 3,239 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in First Trust Dow 30 Equal Weight ETF during the fourth quarter valued at $4,420,000. Finally, Atria Investments Inc lifted its position in First Trust Dow 30 Equal Weight ETF by 14.7% during the fourth quarter. Atria Investments Inc now owns 12,228 shares of the company’s stock valued at $444,000 after purchasing an additional 1,570 shares during the last quarter.

First Trust Dow 30 Equal Weight ETF Stock Down 0.5 %

Shares of NYSEARCA:EDOW opened at $36.46 on Friday. The firm has a fifty day simple moving average of $37.28 and a two-hundred day simple moving average of $36.69. First Trust Dow 30 Equal Weight ETF has a 52 week low of $32.56 and a 52 week high of $38.24. The stock has a market capitalization of $226.05 million, a P/E ratio of 22.92 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.