First Trust Dow 30 Equal Weight ETF
EDOW
60 hedge funds and large institutions have $162M invested in First Trust Dow 30 Equal Weight ETF in 2023 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 28 increasing their positions, 13 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
115% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 13
17% more capital invested
Capital invested by funds: $138M → $162M (+$23.8M)
9% more funds holding
Funds holding: 55 → 60 (+5)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3.13% less ownership
Funds ownership: 73.04% → 69.91% (-3.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAWM
J. Arnold Wealth Management
Youngstown,
Ohio
|
+$12.1M |
| 2 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$7.57M |
| 3 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$4.7M |
| 4 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$2.09M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IP
Ignite Planners
San Clemente,
California
|
-$1.86M |
| 2 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
-$1.68M |
| 3 |
VAS
Vestmark Advisory Solutions
Wakefield,
Massachusetts
|
-$1.07M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$590K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$384K |
EDOW Hedge Fund Activity: Q3 2023 in Review
60 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow 30 Equal Weight ETF (EDOW) for Q3 2023, worth a combined $162M — up 17% from $138M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new EDOW positions and 4 closed out — a net gain of 5 holders — while 28 added to existing stakes and 13 trimmed.
The largest buyer was J. Arnold Wealth Management, opening a new position worth an estimated $12.1M. The largest seller was Ignite Planners, cutting an estimated $1.86M.
- 60 institutional investors held First Trust Dow 30 Equal Weight ETF (EDOW) as of Q3 2023, up from 55 in Q2 2023.
- Funds reported $162M of First Trust Dow 30 Equal Weight ETF stock for Q3 2023, up 17% quarter-over-quarter.
- 9 funds opened new First Trust Dow 30 Equal Weight ETF positions in Q3 2023 and 4 closed out, a net change of +5 holders.
- The largest First Trust Dow 30 Equal Weight ETF buyer in Q3 2023 was J. Arnold Wealth Management, an estimated $12.1M added.
- The largest First Trust Dow 30 Equal Weight ETF seller in Q3 2023 was Ignite Planners, an estimated $1.86M sold.
Based on aggregated 13F filings for Q3 2023.