ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Hits New 1-Year High – What’s Next?

ALPS Equal Sector Weight ETF (NYSEARCA:EQL)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $48.12 and last traded at $48.09, with a volume of 517631 shares changing hands. The stock had previously closed at $48.00.

ALPS Equal Sector Weight ETF Stock Performance

The stock’s 50-day simple moving average is $46.78 and its two-hundred day simple moving average is $45.87. The stock has a market cap of $627.57 million, a price-to-earnings ratio of 22.84 and a beta of 0.91.

Institutional Trading of ALPS Equal Sector Weight ETF

Several hedge funds have recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. increased its position in ALPS Equal Sector Weight ETF by 1.2% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 48,587 shares of the company’s stock worth $2,236,000 after buying an additional 582 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of ALPS Equal Sector Weight ETF in the third quarter valued at approximately $29,000. BOK Financial Private Wealth Inc. grew its stake in shares of ALPS Equal Sector Weight ETF by 200.0% in the second quarter. BOK Financial Private Wealth Inc. now owns 1,200 shares of the company’s stock worth $53,000 after acquiring an additional 800 shares during the last quarter. Smartleaf Asset Management LLC increased its position in ALPS Equal Sector Weight ETF by 160.6% during the second quarter. Smartleaf Asset Management LLC now owns 1,308 shares of the company’s stock worth $57,000 after acquiring an additional 806 shares during the period. Finally, Blue Trust Inc. bought a new position in ALPS Equal Sector Weight ETF during the second quarter worth $38,000.

ALPS Equal Sector Weight ETF Company Profile

The ALPS Equal Sector Weight ETF (EQL) is an exchange-traded fund that is based on the NYSE Select Sector Equal Weight index. The fund tracks an equal-weighted index of all select sector SPDR ETFs. EQL was launched on Jul 7, 2009 and is managed by ALPS.