Kovack Advisors Inc. Has $2.59 Million Holdings in First Trust Dow 30 Equal Weight ETF $EDOW

Kovack Advisors Inc. grew its stake in First Trust Dow 30 Equal Weight ETF (NYSEARCA:EDOW) by 23.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,810 shares of the company’s stock after purchasing an additional 12,201 shares during the period. Kovack Advisors Inc. owned about 1.16% of First Trust Dow 30 Equal Weight ETF worth $2,588,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Jane Street Group LLC grew its position in First Trust Dow 30 Equal Weight ETF by 24.5% during the first quarter. Jane Street Group LLC now owns 22,791 shares of the company’s stock worth $826,000 after buying an additional 4,480 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in shares of First Trust Dow 30 Equal Weight ETF by 3.5% during the 2nd quarter. Wealthfront Advisers LLC now owns 18,227 shares of the company’s stock worth $699,000 after purchasing an additional 614 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of First Trust Dow 30 Equal Weight ETF by 4.7% during the second quarter. Envestnet Asset Management Inc. now owns 80,651 shares of the company’s stock valued at $3,091,000 after purchasing an additional 3,602 shares during the period. Atria Investments Inc raised its stake in shares of First Trust Dow 30 Equal Weight ETF by 2.2% in the second quarter. Atria Investments Inc now owns 12,540 shares of the company’s stock valued at $481,000 after purchasing an additional 266 shares in the last quarter. Finally, Summit Investment Advisory Services LLC bought a new position in First Trust Dow 30 Equal Weight ETF in the second quarter worth $3,000,000.

First Trust Dow 30 Equal Weight ETF Price Performance

EDOW opened at $43.03 on Friday. The company has a market capitalization of $292.60 million, a P/E ratio of 20.87 and a beta of 0.91. The firm’s fifty day moving average price is $42.21 and its two-hundred day moving average price is $40.78. First Trust Dow 30 Equal Weight ETF has a fifty-two week low of $31.52 and a fifty-two week high of $43.75.

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.