Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Sets New 52-Week High – Here’s Why

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $124.99 and last traded at $124.75, with a volume of 114275 shares. The stock had previously closed at $123.09.

Invesco S&P 100 Equal Weight ETF Stock Performance

The firm has a 50 day moving average of $118.99 and a 200-day moving average of $118.76. The stock has a market capitalization of $2.53 billion, a PE ratio of 20.16 and a beta of 0.89.

Institutional Investors Weigh In On Invesco S&P 100 Equal Weight ETF

Several hedge funds have recently bought and sold shares of the business. Bond & Devick Financial Network Inc. increased its position in Invesco S&P 100 Equal Weight ETF by 4.2% in the 4th quarter. Bond & Devick Financial Network Inc. now owns 311,977 shares of the company’s stock worth $36,863,000 after purchasing an additional 12,652 shares during the last quarter. JPMorgan Chase & Co. increased its position in Invesco S&P 100 Equal Weight ETF by 14.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,136 shares of the company’s stock worth $4,144,000 after purchasing an additional 4,496 shares during the last quarter. Jones Financial Companies Lllp increased its position in Invesco S&P 100 Equal Weight ETF by 24.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 179,426 shares of the company’s stock worth $20,526,000 after purchasing an additional 35,513 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Invesco S&P 100 Equal Weight ETF by 14.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 89,817 shares of the company’s stock worth $10,300,000 after purchasing an additional 11,611 shares during the last quarter. Finally, REDW Wealth LLC increased its position in Invesco S&P 100 Equal Weight ETF by 131.5% in the 4th quarter. REDW Wealth LLC now owns 8,964 shares of the company’s stock worth $1,059,000 after purchasing an additional 5,092 shares during the last quarter.

Invesco S&P 100 Equal Weight ETF Company Profile

PowerShares Fundamental Pure Large Core Portfolio (the Fund), formerly PowerShares Dynamic Large Cap Portfolio, is based on the RAFI Fundamental Large Core Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is consisted of common stocks of large core United States companies, including real estate investment trusts (REITs), from a universe consisted of the 2,500 largest United States companies. The Fund invests in sectors, such as consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, telecommunication services and utilities.