Wells Fargo & Company MN Purchases New Stake in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW)

Wells Fargo & Company MN acquired a new position in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,829 shares of the company’s stock, valued at approximately $66,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC boosted its stake in shares of First Trust Dow 30 Equal Weight ETF by 0.6% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 63,245 shares of the company’s stock valued at $2,294,000 after purchasing an additional 355 shares during the last quarter. Private Advisor Group LLC lifted its holdings in First Trust Dow 30 Equal Weight ETF by 10.3% in the fourth quarter. Private Advisor Group LLC now owns 9,388 shares of the company’s stock valued at $340,000 after buying an additional 873 shares during the period. Ameritas Advisory Services LLC boosted its stake in First Trust Dow 30 Equal Weight ETF by 2.0% in the fourth quarter. Ameritas Advisory Services LLC now owns 48,445 shares of the company’s stock valued at $1,757,000 after acquiring an additional 958 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in First Trust Dow 30 Equal Weight ETF by 9.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 16,356 shares of the company’s stock worth $593,000 after acquiring an additional 1,360 shares during the period. Finally, Atria Investments Inc grew its holdings in First Trust Dow 30 Equal Weight ETF by 14.7% during the 4th quarter. Atria Investments Inc now owns 12,228 shares of the company’s stock worth $444,000 after acquiring an additional 1,570 shares during the period.

First Trust Dow 30 Equal Weight ETF Trading Down 0.1%

NYSEARCA EDOW opened at $36.63 on Wednesday. The stock has a 50-day simple moving average of $35.22 and a 200 day simple moving average of $36.43. The company has a market capitalization of $238.10 million, a PE ratio of 21.65 and a beta of 0.90. First Trust Dow 30 Equal Weight ETF has a 12 month low of $31.52 and a 12 month high of $38.24.

First Trust Dow 30 Equal Weight ETF Company 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.