LPL Financial LLC Buys 195,414 Shares of First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW)

LPL Financial LLC increased its position in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) by 20.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,145,089 shares of the company’s stock after acquiring an additional 195,414 shares during the quarter. LPL Financial LLC owned about 16.48% of First Trust Dow 30 Equal Weight ETF worth $41,532,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in EDOW. Commonwealth Equity Services LLC increased its position in First Trust Dow 30 Equal Weight ETF by 13.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 184,130 shares of the company’s stock worth $6,678,000 after acquiring an additional 22,398 shares during the period. Independent Advisor Alliance bought a new position in shares of First Trust Dow 30 Equal Weight ETF during the 4th quarter worth about $6,759,000. Vestmark Advisory Solutions Inc. raised its position in shares of First Trust Dow 30 Equal Weight ETF by 1.0% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 341,227 shares of the company’s stock valued at $12,376,000 after buying an additional 3,239 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of First Trust Dow 30 Equal Weight ETF during the fourth quarter valued at about $4,420,000. Finally, Atria Investments Inc lifted its stake in shares of First Trust Dow 30 Equal Weight ETF by 14.7% in the fourth quarter. Atria Investments Inc now owns 12,228 shares of the company’s stock valued at $444,000 after buying an additional 1,570 shares during the period.

First Trust Dow 30 Equal Weight ETF Stock Down 1.6 %

Shares of EDOW opened at $35.87 on Friday. The stock’s 50-day moving average price is $37.26 and its 200 day moving average price is $36.69. The firm has a market capitalization of $222.39 million, a price-to-earnings ratio of 22.92 and a beta of 0.91. First Trust Dow 30 Equal Weight ETF has a 12-month low of $32.56 and a 12-month high of $38.24.

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.