ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Trading Down 1.7% – Time to Sell?

ALPS Equal Sector Weight ETF (NYSEARCA:EQL)’s share price traded down 1.7% during trading on Monday . The company traded as low as $124.78 and last traded at $125.55. 11,433 shares traded hands during mid-day trading, an increase of 8% from the average session volume of 10,578 shares. The stock had previously closed at $127.68.

ALPS Equal Sector Weight ETF Stock Performance

The firm has a market cap of $470.81 million, a P/E ratio of 23.64 and a beta of 0.97. The stock has a fifty day simple moving average of $128.71 and a 200 day simple moving average of $128.10.

Institutional Trading of ALPS Equal Sector Weight ETF

A number of institutional investors and hedge funds have recently modified their holdings of EQL. Raymond James Financial Inc. bought a new stake in shares of ALPS Equal Sector Weight ETF in the fourth quarter worth $35,317,000. Cetera Investment Advisers grew its holdings in shares of ALPS Equal Sector Weight ETF by 6.4% in the fourth quarter. Cetera Investment Advisers now owns 75,835 shares of the company’s stock worth $9,498,000 after acquiring an additional 4,548 shares during the period. LPL Financial LLC grew its holdings in shares of ALPS Equal Sector Weight ETF by 9.7% in the fourth quarter. LPL Financial LLC now owns 59,846 shares of the company’s stock worth $7,496,000 after acquiring an additional 5,309 shares during the period. Wells Fargo & Company MN grew its holdings in shares of ALPS Equal Sector Weight ETF by 13.7% in the fourth quarter. Wells Fargo & Company MN now owns 54,963 shares of the company’s stock worth $6,884,000 after acquiring an additional 6,630 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of ALPS Equal Sector Weight ETF by 420.5% in the fourth quarter. Ameriprise Financial Inc. now owns 19,513 shares of the company’s stock worth $2,444,000 after acquiring an additional 15,764 shares during the period.

About ALPS Equal Sector Weight ETF

The ALPS Equal Sector Weight ETF (EQL) is an exchange-traded fund that is based on the NYSE Select Sector Equal Weight index. The fund tracks an equal-weighted index of all select sector SPDR ETFs. EQL was launched on Jul 7, 2009 and is managed by ALPS.