Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Sets New 12-Month High – Here’s Why

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $53.88 and last traded at $53.8950, with a volume of 12512 shares traded. The stock had previously closed at $53.49.

Invesco Russell 1000 Equal Weight ETF Stock Performance

The stock has a 50-day simple moving average of $52.26 and a 200 day simple moving average of $51.46. The stock has a market capitalization of $708.02 million, a P/E ratio of 18.07 and a beta of 1.00.

Institutional Trading of Invesco Russell 1000 Equal Weight ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sykon Capital LLC bought a new position in shares of Invesco Russell 1000 Equal Weight ETF in the 3rd quarter valued at about $13,402,000. Geneos Wealth Management Inc. lifted its holdings in Invesco Russell 1000 Equal Weight ETF by 11.4% in the third quarter. Geneos Wealth Management Inc. now owns 79,484 shares of the company’s stock valued at $4,133,000 after buying an additional 8,121 shares during the period. Arkadios Wealth Advisors acquired a new position in Invesco Russell 1000 Equal Weight ETF in the second quarter valued at approximately $2,333,000. Capital Advisors Ltd. LLC boosted its stake in Invesco Russell 1000 Equal Weight ETF by 3.1% in the third quarter. Capital Advisors Ltd. LLC now owns 46,957 shares of the company’s stock valued at $2,442,000 after acquiring an additional 1,420 shares during the last quarter. Finally, Lunt Capital Management Inc. grew its holdings in Invesco Russell 1000 Equal Weight ETF by 235.6% during the 2nd quarter. Lunt Capital Management Inc. now owns 46,323 shares of the company’s stock worth $2,281,000 after acquiring an additional 32,521 shares during the period.

Invesco Russell 1000 Equal Weight ETF Company Profile

The Invesco Russell 1000 Equal Weight ETF (EQAL) is an exchange-traded fund that is based on the Russell 1000 Equal Weight index. The fund tracks an index of the 1,000 largest US stocks. Each sector receives equal weight, and each stock within a sector receives equal weight. EQAL was launched on Dec 23, 2014 and is managed by Invesco.