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First Trust Dow 30 Equal Weight ETF

65 hedge funds and large institutions have $220M invested in First Trust Dow 30 Equal Weight ETF in 2023 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 25 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

36% more capital invested

Capital invested by funds: $162M → $220M (+$57.8M)

14.97% more ownership

Funds ownership: 69.91%84.88% (+15%)

8% more funds holding

Funds holding: 6065 (+5)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

16% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 25

Holders
65
Holders Change
+5
Holders Change %
+8.33%
% of All Funds
0.95%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.01%
New
11
Increased
21
Reduced
25
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$60.4M +$27.7M +915,614 +98%
LPL Financial
2
LPL Financial
California
$29.6M -$832K -27,511 -3%
NA
3
NewEdge Advisors
Louisiana
$21.8M +$3.01M +99,352 +18%
GWA
4
Gratus Wealth Advisors
Virginia
$16.1M +$15M +495,029 New
KAS
5
Kestra Advisory Services
Texas
$13.2M -$12.1M -399,330 -50%
VAS
6
Vestmark Advisory Solutions
Massachusetts
$10.6M +$173K +5,718 +2%
AWM
7
AE Wealth Management
Kansas
$7.86M +$2.5M +82,680 +53%
PIS
8
POM Investment Strategies
North Carolina
$7.72M +$7.17M +236,947 New
RIA
9
Regal Investment Advisors
Michigan
$7.04M +$6.54M +216,084 New
Commonwealth Equity Services
10
Commonwealth Equity Services
Massachusetts
$4.31M +$16.5K +545 +0.4%
IP
11
Ignite Planners
California
$4.23M -$128K -4,239 -3%
RJFSA
12
Raymond James Financial Services Advisors
Florida
$3.97M -$846K -27,944 -19%
Bank of America
13
Bank of America
North Carolina
$2.87M +$95.5K +3,157 +4%
Envestnet Asset Management
14
Envestnet Asset Management
Illinois
$2.77M -$769K -25,410 -23%
Susquehanna International Group
15
Susquehanna International Group
Pennsylvania
$2.25M +$1.8M +59,424 +614%
Cetera Investment Advisers
16
Cetera Investment Advisers
Illinois
$2.22M -$147K -4,845 -7%
IWC
17
Integrated Wealth Concepts
Massachusetts
$2.16M -$87.7K -2,897 -4%
Osaic Holdings
18
Osaic Holdings
Arizona
$1.9M +$8.11K +268 +0.5%
Cambridge Investment Research Advisors
19
Cambridge Investment Research Advisors
Iowa
$1.73M -$38K -1,256 -2%
WAP
20
Wealthcare Advisory Partners
Pennsylvania
$1.59M +$41.9K +1,385 +3%
HAS
21
HBW Advisory Services
California
$1.55M +$252K +8,329 New
Jane Street
22
Jane Street
New York
$1.27M +$412K +13,618 +54%
AAS
23
Ameritas Advisory Services
Nebraska
$1.06M -$639K -21,116 -40%
Royal Bank of Canada
24
Royal Bank of Canada
Ontario, Canada
$1.02M +$432K +14,290 +84%
JAWM
25
J. Arnold Wealth Management
Ohio
$974K -$11.3M -372,244 -93%

EDOW Hedge Fund Activity: Q4 2023 in Review

65 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow 30 Equal Weight ETF (EDOW) for Q4 2023, worth a combined $220M — up 36% from $162M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new EDOW positions and 6 closed out — a net gain of 5 holders — while 21 added to existing stakes and 25 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $27.7M. The largest seller was Kestra Advisory Services, cutting an estimated $12.1M.

  • 65 institutional investors held First Trust Dow 30 Equal Weight ETF (EDOW) as of Q4 2023, up from 60 in Q3 2023.
  • Funds reported $220M of First Trust Dow 30 Equal Weight ETF stock for Q4 2023, up 36% quarter-over-quarter.
  • 11 funds opened new First Trust Dow 30 Equal Weight ETF positions in Q4 2023 and 6 closed out, a net change of +5 holders.
  • The largest First Trust Dow 30 Equal Weight ETF buyer in Q4 2023 was Morgan Stanley, an estimated $27.7M added.
  • The largest First Trust Dow 30 Equal Weight ETF seller in Q4 2023 was Kestra Advisory Services, an estimated $12.1M sold.

Based on aggregated 13F filings for Q4 2023.