First Trust Dow 30 Equal Weight ETFFirst Trust Dow 30 Equal Weight ETFFirst Trust Dow 30 Equal Weight ETF

First Trust Dow 30 Equal Weight ETF

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Key stats


Assets under management (AUM)
‪221.44 M‬USD
Fund flows (1Y)
‪−27.37 M‬USD
Dividend yield (indicated)
1.60%
Discount/Premium to NAV
0.06%
Shares outstanding
‪6.00 M‬
Expense ratio
0.50%

About First Trust Dow 30 Equal Weight ETF


Issuer
AJM Ventures LLC
Brand
First Trust
Inception date
Aug 8, 2017
Structure
Open-Ended Fund
Index tracked
Dow Jones Industrial Average Equal Weight Index (USD)
Replication method
Physical
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Portfolios LP
Distributor
First Trust Portfolios LP
EDOW is the equal-weighted take on the Dow Jones Industrial Average Index (DJAI) which is a price-weighted index. The fund has the same exposure to DJIA, holding 30 large-cap US stocks issued by blue-chip companies covering a wide range of industries. In contrast, EDOW gives equal weight to the same 30 constituents, allowing each stock to contribute equally to the performance return. Equal weighting reduces concentration and individual stock risk. The underlying index is rebalanced on a quarterly basis, which provides a mechanism to systematically sell off positions that have appreciated and buy those that are lower. On December 14, 2020, the First Trust Mega Cap AlphaDex Fund (ticker: FMK) was merged into EDOW. Assets from FMK stood at just under $21.5 million, with 500,00 shares outstanding.

Classification


Asset Class
Equity
Category
Size and style
Focus
Large cap
Niche
Broad-based
Strategy
Equal
Geography
U.S.
Weighting scheme
Equal
Selection criteria
Committee
What's in the fund
Exposure type
StocksBonds, Cash & Other
Finance
Electronic Technology
Retail Trade
Technology Services
Stock breakdown by region
100%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to EDOW via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
EDOW trades at 36.99 USD today, its price has risen 0.12% in the past 24 hours. Track more dynamics on EDOW price chart.
EDOW net asset value is 37.02 today — it's risen 4.96% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
EDOW assets under management is ‪221.44 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
EDOW price has risen by 4.13% over the last month, and its yearly performance shows a 11.64% increase. See more dynamics on EDOW price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.96% over the last month, showed a −2.40% decrease in three-month performance and has increased by 13.21% in a year.
EDOW fund flows account for ‪−27.37 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
EDOW invests in stocks. See more details in our Analysis section.
EDOW expense ratio is 0.50%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, EDOW isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, EDOW technical analysis shows the buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating EDOW shows the buy signal. See more of EDOW technicals for a more comprehensive analysis.
Yes, EDOW pays dividends to its holders with the dividend yield of 1.60%.
EDOW trades at a premium (0.06%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
EDOW shares are issued by AJM Ventures LLC
EDOW follows the Dow Jones Industrial Average Equal Weight Index (USD). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Aug 8, 2017.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.