Janney Montgomery Scott LLC Buys New Stake in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW)

Janney Montgomery Scott LLC bought a new stake in shares of First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,705 shares of the company’s stock, valued at approximately $243,000. Janney Montgomery Scott LLC owned about 0.10% of First Trust Dow 30 Equal Weight ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameritas Advisory Services LLC lifted its position in First Trust Dow 30 Equal Weight ETF by 2.0% during 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. Wealthcare Advisory Partners LLC lifted its position in First Trust Dow 30 Equal Weight ETF by 0.6% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 63,245 shares of the company’s stock valued at $2,294,000 after acquiring an additional 355 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in First Trust Dow 30 Equal Weight ETF during the fourth quarter valued at approximately $237,000. JPMorgan Chase & Co. lifted its position in 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 valued at $110,000 after acquiring an additional 2,527 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its position in First Trust Dow 30 Equal Weight ETF by 15.8% during the third quarter. Sanctuary Advisors LLC now owns 20,325 shares of the company’s stock valued at $760,000 after acquiring an additional 2,780 shares during the last quarter.

First Trust Dow 30 Equal Weight ETF Trading Down 0.3 %

NYSEARCA EDOW opened at $37.71 on Thursday. The company has a fifty day simple moving average of $37.06 and a two-hundred day simple moving average of $36.09. The stock has a market cap of $262.08 million, a P/E ratio of 20.85 and a beta of 0.71. First Trust Dow 30 Equal Weight ETF has a 12-month low of $32.56 and a 12-month high of $38.19.

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.