Should First Trust Dow 30 Equal Weight ETF (EDOW) Be on Your Investing Radar?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 18 2024
0mins
Source: NASDAQ.COM
Overview of First Trust Dow 30 Equal Weight ETF (EDOW): Launched in 2017, EDOW is a passively managed ETF that provides broad exposure to the Large Cap Blend segment of the US equity market, with an expense ratio of 0.50% and a 12-month trailing dividend yield of 1.82%. It has approximately $217.46 million in assets and primarily invests in the Information Technology sector.
Performance and Comparison: As of September 2024, EDOW has increased by about 19.64% over the past year and seeks to match the performance of the Dow Jones Industrial Average Equal Weight Index. It holds a Zacks ETF Rank of 3 (Hold) and is compared to other ETFs like iShares Core S&P 500 ETF and SPDR S&P 500 ETF, which have lower expense ratios and significantly larger asset bases.
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Analyst Views on MMM
Wall Street analysts forecast MMM stock price to fall
11 Analyst Rating
6 Buy
3 Hold
2 Sell
Moderate Buy
Current: 159.150
Low
100.00
Averages
152.00
High
184.00
Current: 159.150
Low
100.00
Averages
152.00
High
184.00
About MMM
3M Company is a diversified technology company. The Company is a manufacturer and marketer of a variety of products and services. The Company’s segments include Safety and Industrial; Transportation and Electronics, and Consumer. Its Safety and Industrial segment includes industrial abrasives and finishing for metalworking applications; autobody repair solutions; industrial specialty products, such as personal hygiene products, masking, and packaging materials, and others. Its Transportation and Electronics segment includes advanced ceramic solutions; attachment/bonding, films, sound and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage. Its Consumer segment includes cleaning products for the home; consumer air quality products, and picture hanging accessories. Its brands include 3M Cubitron II abrasives, Scotch-Brite, Filtrete, Command, Scotchgard, Meguiar’s, Nexcare, Post-it and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Company Vision: 3M is focused on transforming industries worldwide by applying science and innovation to solve customer problems, showcasing how its multidisciplinary team leverages diverse technology platforms and a global footprint to drive industry change.
- Media and Investor Contacts: 3M has provided dedicated media and investor contact information to ensure that stakeholders can obtain necessary support and information promptly during and after the event.
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- Summer Mentorship Program: All finalists will participate in a summer mentorship program with 3M scientists aimed at advancing their projects, enhancing scientific knowledge and communication skills, thereby laying a foundation for future scientific careers.
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See More
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See More
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