Gateway Wealth Partners LLC Has $363,000 Position in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW)

Gateway Wealth Partners LLC boosted its holdings in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) by 12.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,852 shares of the company’s stock after purchasing an additional 1,196 shares during the quarter. Gateway Wealth Partners LLC’s holdings in First Trust Dow 30 Equal Weight ETF were worth $363,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of EDOW. Regal Investment Advisors LLC acquired a new stake in First Trust Dow 30 Equal Weight ETF in the 4th quarter valued at $7,044,000. ICA Group Wealth Management LLC acquired a new stake in First Trust Dow 30 Equal Weight ETF in the 4th quarter valued at $26,000. PNC Financial Services Group Inc. grew its position in First Trust Dow 30 Equal Weight ETF by 98.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,466 shares of the company’s stock valued at $48,000 after purchasing an additional 727 shares during the period. Wealthcare Advisory Partners LLC grew its position in First Trust Dow 30 Equal Weight ETF by 1.3% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 49,355 shares of the company’s stock valued at $1,700,000 after purchasing an additional 613 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its position in First Trust Dow 30 Equal Weight ETF by 274.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 198,084 shares of the company’s stock valued at $6,821,000 after purchasing an additional 145,115 shares during the period.

First Trust Dow 30 Equal Weight ETF Trading Down 0.4 %

NYSEARCA EDOW opened at $35.97 on Tuesday. The company has a market cap of $249.99 million, a P/E ratio of 20.85 and a beta of 0.71. The company has a fifty day simple moving average of $34.62 and a 200 day simple moving average of $34.02. First Trust Dow 30 Equal Weight ETF has a 12-month low of $28.04 and a 12-month high of $36.29.

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.