About First Trust Dow 30 Equal Weight ETF (EDOW)

The First Trust Dow 30 Equal Weight ETF (EDOW) is an exchange-traded fund that seeks to provide investment results that correspond to the price and yield of the Dow Jones Industrial Average (DJIA), but with an equal-weighted approach. Unlike traditional market-cap weighted ETFs, EDOW gives equal importance to all 30 stocks in the DJIA, regardless of their market capitalization. This unique strategy aims to reduce concentration risk and provide a more balanced exposure to the Dow 30 stocks.

As of the latest quote, EDOW had a price of $100.52 per share. The ETF has a market cap of $500 million, making it a mid-sized ETF in its category. EDOW's performance can be evaluated using various factors, such as its price history, PEG ratio, and comparison to industry benchmarks. Over the past 52 weeks, the ETF has traded in a range of $85.23 to $110.94, showing some volatility.