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

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) reached a new 52-week high on Tuesday . The stock traded as high as $131.81 and last traded at $131.81, with a volume of 2260 shares trading hands. The stock had previously closed at $130.17.

Invesco S&P 100 Equal Weight ETF Price Performance

The company has a 50 day moving average of $129.19 and a two-hundred day moving average of $123.67. The company has a market capitalization of $2.76 billion, a PE ratio of 20.16 and a beta of 0.89.

Institutional Trading of Invesco S&P 100 Equal Weight ETF

A number of hedge funds and other institutional investors have recently modified their holdings of EQWL. Pittenger & Anderson Inc. purchased a new position in Invesco S&P 100 Equal Weight ETF during the 4th quarter valued at about $30,000. Sound Income Strategies LLC purchased a new stake in Invesco S&P 100 Equal Weight ETF in the first quarter worth about $44,000. Wells Fargo & Company MN increased its stake in shares of Invesco S&P 100 Equal Weight ETF by 50,100.0% during the fourth quarter. Wells Fargo & Company MN now owns 502 shares of the company’s stock valued at $59,000 after purchasing an additional 501 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of Invesco S&P 100 Equal Weight ETF during the first quarter valued at approximately $87,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Invesco S&P 100 Equal Weight ETF during the third quarter valued at approximately $95,000.

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.