Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Hits New 52-Week High – Should You Buy?

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) shares reached a new 52-week high during trading on Monday . The stock traded as high as $131.06 and last traded at $130.53, with a volume of 7690 shares trading hands. The stock had previously closed at $129.29.

Invesco S&P 100 Equal Weight ETF Price Performance

The stock has a 50 day moving average of $126.47 and a two-hundred day moving average of $121.91. The stock has a market capitalization of $2.69 billion, a PE ratio of 20.16 and a beta of 0.89.

Hedge Funds Weigh In On Invesco S&P 100 Equal Weight ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its stake in shares of Invesco S&P 100 Equal Weight ETF by 16.7% in the first quarter. Royal Bank of Canada now owns 46,495 shares of the company’s stock valued at $4,793,000 after purchasing an additional 6,664 shares during the period. NewEdge Advisors LLC grew its position in Invesco S&P 100 Equal Weight ETF by 20.7% during the first quarter. NewEdge Advisors LLC now owns 4,082 shares of the company’s stock worth $421,000 after buying an additional 700 shares during the period. Goldman Sachs Group Inc. purchased a new position in Invesco S&P 100 Equal Weight ETF in the first quarter valued at about $872,000. Jane Street Group LLC lifted its position in shares of Invesco S&P 100 Equal Weight ETF by 6.5% during the 1st quarter. Jane Street Group LLC now owns 7,594 shares of the company’s stock valued at $783,000 after acquiring an additional 465 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Invesco S&P 100 Equal Weight ETF by 557.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 31,640 shares of the company’s stock valued at $3,479,000 after acquiring an additional 26,829 shares during the period.

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.