Is First Trust Dow 30 Equal Weight ETF (EDOW) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 04 2024
0mins
Source: NASDAQ.COM
Overview of First Trust Dow 30 Equal Weight ETF (EDOW): Launched in 2017, EDOW offers investors exposure to the large-cap blend market through an equal-weighted strategy, aiming to match the performance of the Dow Jones Industrial Average Equal Weight Index with a current asset size of over $218 million and an annual expense ratio of 0.50%.
Performance and Comparison: As of October 2024, EDOW has shown a year-to-date return of approximately 10.41% and a 12-month increase of about 26.51%, while also being compared to traditional market cap weighted ETFs like IShares Core S&P 500 ETF and SPDR S&P 500 ETF, which offer lower expense ratios and potentially lower risk.
Analyst Views on UNH
Wall Street analysts forecast UNH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UNH is 397.82 USD with a low forecast of 330.00 USD and a high forecast of 444.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
16 Buy
3 Hold
0 Sell
Strong Buy
Current: 354.470
Low
330.00
Averages
397.82
High
444.00
Current: 354.470
Low
330.00
Averages
397.82
High
444.00
About UNH
UnitedHealth Group Incorporated is a healthcare and well-being company. Its segments include Optum Health, Optum Insight, Optum Rx, and UnitedHealthcare, which includes UnitedHealthcare Employer & Individual, UnitedHealthcare Medicare & Retirement and UnitedHealthcare Community & State. Optum Health offers comprehensive and patient-centered care, addressing the physical, mental, social, and financial well-being. Optum Health delivers primary, specialty and surgical care; helps patients and providers navigate and address complex, chronic and behavioral health needs. Optum Insight connects the healthcare system with services, analytics and platforms that make clinical, administrative and financial processes simpler and more efficient for all participants in the healthcare system. Optum Rx offers a range of pharmacy care services through retail pharmacies, through home delivery, specialty and community health pharmacies and the provision of in-home and community-based infusion services.
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.
