First Trust Dow 30 Equal Weight ETF
EDOW
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Aug 9, 2017
- CIK
- 0001329377
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Dow 30 Equal Weight ETF (EDOW) is an exchange-traded fund that provides equally weighted exposure to the 30 blue-chip companies comprising the Dow Jones Industrial Average. The ETF tracks the First Trust Dow 30 Equal Weight Index, which rebalances quarterly to maintain equal weighting of 3.33% per constituent stock, thereby reducing concentration risk associated with market-cap weighted benchmarks; it offers investors diversified access to large-cap U.S. equities across sectors including technology, financials, healthcare, industrials, and consumer goods. EDOW is issued and managed by First Trust Advisors LP, a Chicago-based asset manager founded in 1991 with headquarters at 120 East Liberty Drive, Wheaton, Illinois, and operates primarily in the United States with global investor access through major exchanges. The fund's primary services include daily liquidity, low expense ratio of approximately 0.50%, dividend reinvestment options, and tax-efficient structure as a passively managed ETF. In recent developments, First Trust enhanced EDOW's portfolio through quarterly rebalancing in line with Dow Jones component changes, such as integrations of new constituents like Amazon.com Inc. and exclusions of legacy firms like Walgreens Boots Alliance in 2024, reflecting ongoing index methodology updates to capture evolving market leadership. No major acquisitions, funding rounds, or structural reorganizations have been announced for EDOW or its sponsor within the last two years, maintaining its focus on stable equal-weight Dow exposure for long-term investors.