Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL – Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $62.03 and last traded at $62.03, with a volume of 3601 shares traded. The stock had previously closed at $61.10.
Invesco Russell 1000 Equal Weight ETF Price Performance
The company’s 50-day simple moving average is $59.64 and its 200-day simple moving average is $57.89. The stock has a market capitalization of $843.98 million, a P/E ratio of 18.07 and a beta of 0.90.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of EQAL. Strategic Wealth Advisors LLC acquired a new stake in Invesco Russell 1000 Equal Weight ETF in the 4th quarter valued at about $45,000. Captrust Financial Advisors acquired a new position in Invesco Russell 1000 Equal Weight ETF during the second quarter worth approximately $203,000. Harbour Investments Inc. increased its position in Invesco Russell 1000 Equal Weight ETF by 30.2% during the fourth quarter. Harbour Investments Inc. now owns 3,956 shares of the company’s stock worth $208,000 after buying an additional 917 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in Invesco Russell 1000 Equal Weight ETF in the second quarter valued at approximately $208,000. Finally, Royal Bank of Canada raised its stake in Invesco Russell 1000 Equal Weight ETF by 7.7% in the first quarter. Royal Bank of Canada now owns 6,764 shares of the company’s stock valued at $320,000 after buying an additional 484 shares during the period.
About Invesco Russell 1000 Equal Weight ETF
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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