ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Sets New 1-Year High – Here’s What Happened

Shares of ALPS Equal Sector Weight ETF (NYSEARCA:EQL) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $48.92 and last traded at $48.6570, with a volume of 39684 shares traded. The stock had previously closed at $48.09.

ALPS Equal Sector Weight ETF Stock Performance

The company has a 50 day simple moving average of $47.28 and a two-hundred day simple moving average of $46.15. The firm has a market cap of $637.01 million, a PE ratio of 22.84 and a beta of 0.91.

Hedge Funds Weigh In On ALPS Equal Sector Weight ETF

Several hedge funds and other institutional investors have recently bought and sold shares of EQL. Cullen Frost Bankers Inc. acquired a new stake in ALPS Equal Sector Weight ETF during the 3rd quarter valued at approximately $29,000. Blue Trust Inc. purchased a new position in shares of ALPS Equal Sector Weight ETF during the second quarter worth $38,000. BOK Financial Private Wealth Inc. lifted its position in ALPS Equal Sector Weight ETF by 200.0% during the second quarter. BOK Financial Private Wealth Inc. now owns 1,200 shares of the company’s stock valued at $53,000 after purchasing an additional 800 shares during the period. Smartleaf Asset Management LLC boosted its holdings in ALPS Equal Sector Weight ETF by 160.6% in the second quarter. Smartleaf Asset Management LLC now owns 1,308 shares of the company’s stock valued at $57,000 after purchasing an additional 806 shares during the last quarter. Finally, MAI Capital Management boosted its holdings in ALPS Equal Sector Weight ETF by 200.0% in the second quarter. MAI Capital Management now owns 1,773 shares of the company’s stock valued at $78,000 after purchasing an additional 1,182 shares during the last quarter.

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.