Gratus Wealth Advisors LLC Sells 380,459 Shares of First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW)

Gratus Wealth Advisors LLC decreased its stake in shares of First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) by 83.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 76,034 shares of the company’s stock after selling 380,459 shares during the period. First Trust Dow 30 Equal Weight ETF accounts for 0.4% of Gratus Wealth Advisors LLC’s investment portfolio, making the stock its 29th largest position. Gratus Wealth Advisors LLC owned about 1.09% of First Trust Dow 30 Equal Weight ETF worth $2,698,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in shares of First Trust Dow 30 Equal Weight ETF by 98.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,466 shares of the company’s stock worth $48,000 after purchasing an additional 727 shares during the period. International Assets Investment Management LLC bought a new stake in shares of First Trust Dow 30 Equal Weight ETF in the 2nd quarter valued at about $79,000. ORG Partners LLC purchased a new stake in shares of First Trust Dow 30 Equal Weight ETF during the second quarter valued at approximately $132,000. Envestnet Portfolio Solutions Inc. grew its holdings in First Trust Dow 30 Equal Weight ETF by 18.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 8,969 shares of the company’s stock worth $309,000 after acquiring an additional 1,422 shares during the last quarter. Finally, Gateway Wealth Partners LLC grew its stake in shares of First Trust Dow 30 Equal Weight ETF by 12.4% in the second quarter. Gateway Wealth Partners LLC now owns 10,852 shares of the company’s stock worth $363,000 after purchasing an additional 1,196 shares during the last quarter.

First Trust Dow 30 Equal Weight ETF Stock Up 0.4 %

Shares of First Trust Dow 30 Equal Weight ETF stock opened at $35.62 on Wednesday. First Trust Dow 30 Equal Weight ETF has a 52 week low of $28.04 and a 52 week high of $36.29. The company has a market cap of $247.56 million, a PE ratio of 20.85 and a beta of 0.71. The business has a 50 day moving average of $34.79 and a 200 day moving average of $34.09.

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.