Raymond James Financial Inc. Buys New Shares in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW)

Raymond James Financial Inc. purchased a new stake in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 121,857 shares of the company’s stock, valued at approximately $4,420,000. Raymond James Financial Inc. owned 1.75% of First Trust Dow 30 Equal Weight ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of EDOW. Wells Fargo & Company MN bought a new stake in shares of First Trust Dow 30 Equal Weight ETF in the fourth quarter valued at about $66,000. Private Trust Co. NA lifted its position in shares of First Trust Dow 30 Equal Weight ETF by 303.0% in the 4th quarter. Private Trust Co. NA now owns 2,660 shares of the company’s stock worth $96,000 after acquiring an additional 2,000 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of First Trust Dow 30 Equal Weight ETF by 471.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,063 shares of the company’s stock worth $110,000 after purchasing an additional 2,527 shares in the last quarter. Nations Financial Group Inc. IA ADV acquired a new position in shares of First Trust Dow 30 Equal Weight ETF in the fourth quarter valued at $200,000. Finally, International Assets Investment Management LLC bought a new position in First Trust Dow 30 Equal Weight ETF in the fourth quarter worth $237,000.

First Trust Dow 30 Equal Weight ETF Price Performance

Shares of First Trust Dow 30 Equal Weight ETF stock opened at $34.68 on Friday. First Trust Dow 30 Equal Weight ETF has a 52-week low of $31.52 and a 52-week high of $38.24. The firm has a market capitalization of $225.42 million, a PE ratio of 21.65 and a beta of 0.90. The company’s fifty day moving average price is $35.70 and its two-hundred day moving average price is $36.48.

About First Trust Dow 30 Equal Weight ETF

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.