Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL – Get Free Report) was up 0.6% during mid-day trading on Thursday . The company traded as high as $59.42 and last traded at $59.38. Approximately 38,652 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 57,204 shares. The stock had previously closed at $59.01.
Invesco Russell 1000 Equal Weight ETF Trading Up 0.6%
The stock’s 50-day simple moving average is $58.60 and its 200-day simple moving average is $56.84. The stock has a market cap of $813.51 million, a price-to-earnings ratio of 18.07 and a beta of 0.90.
Institutional Investors Weigh In On Invesco Russell 1000 Equal Weight ETF
Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its stake in Invesco Russell 1000 Equal Weight ETF by 53.9% during the 1st quarter. Bank of America Corp DE now owns 398,926 shares of the company’s stock worth $21,981,000 after acquiring an additional 139,631 shares during the period. Sykon Capital LLC bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the 3rd quarter valued at $13,402,000. Geneos Wealth Management Inc. lifted its position in shares of Invesco Russell 1000 Equal Weight ETF by 24.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 104,087 shares of the company’s stock valued at $5,735,000 after acquiring an additional 20,722 shares during the period. UBS Group AG grew its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 38.4% during the 4th quarter. UBS Group AG now owns 77,545 shares of the company’s stock worth $4,082,000 after purchasing an additional 21,498 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 8.4% during the 4th quarter. Arkadios Wealth Advisors now owns 50,865 shares of the company’s stock worth $2,678,000 after purchasing an additional 3,923 shares in the last quarter.
Invesco Russell 1000 Equal Weight ETF Company Profile
The Invesco Russell 1000 Equal Weight ETF (EQAL) is an exchange-traded fund that is based on the Russell 1000 Equal Weight index. The fund tracks an index of the 1,000 largest US stocks. Each sector receives equal weight, and each stock within a sector receives equal weight. EQAL was launched on Dec 23, 2014 and is managed by Invesco.
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