First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. trimmed its position in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) by 70.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,600 shares of the company’s stock after selling 139,484 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.84% of First Trust Dow 30 Equal Weight ETF worth $1,961,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Regal Investment Advisors LLC acquired a new stake in First Trust Dow 30 Equal Weight ETF during the fourth quarter worth approximately $7,044,000. Commonwealth Equity Services LLC boosted its holdings in shares of First Trust Dow 30 Equal Weight ETF by 10.0% during the first quarter. Commonwealth Equity Services LLC now owns 145,501 shares of the company’s stock worth $5,011,000 after purchasing an additional 13,230 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of First Trust Dow 30 Equal Weight ETF in the fourth quarter valued at $2,353,000. Wealthcare Advisory Partners LLC increased its stake in First Trust Dow 30 Equal Weight ETF by 1.3% in the first 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 last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in First Trust Dow 30 Equal Weight ETF by 1.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 27,502 shares of the company’s stock worth $947,000 after buying an additional 363 shares during the period.

First Trust Dow 30 Equal Weight ETF Trading Up 0.5 %

Shares of NYSEARCA:EDOW opened at $35.30 on Tuesday. The firm has a market cap of $245.34 million, a price-to-earnings ratio of 20.85 and a beta of 0.71. The stock’s 50-day moving average price is $34.13 and its two-hundred day moving average price is $33.79. First Trust Dow 30 Equal Weight ETF has a 12-month low of $28.04 and a 12-month high of $35.31.

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.