Kirkwood Financial Services Makes New Investment in First Trust Dow 30 Equal Weight ETF $EDOW

Kirkwood Financial Services acquired a new stake in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 140,147 shares of the company’s stock, valued at approximately $6,174,000. First Trust Dow 30 Equal Weight ETF comprises approximately 1.8% of Kirkwood Financial Services’ investment portfolio, making the stock its 13th biggest position. Kirkwood Financial Services owned 2.02% of First Trust Dow 30 Equal Weight ETF at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Western Wealth Management LLC purchased a new stake in First Trust Dow 30 Equal Weight ETF in the 1st quarter worth approximately $26,000. Hazlett Burt & Watson Inc. increased its stake in shares of First Trust Dow 30 Equal Weight ETF by 189.9% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,145 shares of the company’s stock valued at $47,000 after buying an additional 750 shares during the period. POM Investment Strategies LLC increased its stake in shares of First Trust Dow 30 Equal Weight ETF by 227.7% during the second quarter. POM Investment Strategies LLC now owns 1,206 shares of the company’s stock valued at $53,000 after buying an additional 838 shares during the period. Rockefeller Capital Management L.P. raised its holdings in shares of First Trust Dow 30 Equal Weight ETF by 484.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,630 shares of the company’s stock valued at $67,000 after acquiring an additional 1,351 shares in the last quarter. Finally, Ascentis Independent Advisors bought a new position in shares of First Trust Dow 30 Equal Weight ETF during the first quarter valued at approximately $98,000.

First Trust Dow 30 Equal Weight ETF Price Performance

Shares of EDOW stock opened at $46.34 on Monday. The firm has a market capitalization of $322.06 million, a price-to-earnings ratio of 20.87 and a beta of 0.83. The stock has a fifty day moving average of $45.48 and a 200 day moving average of $43.55. First Trust Dow 30 Equal Weight ETF has a 52 week low of $39.13 and a 52 week high of $46.90.

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.