PNC Financial Services Group Inc. reduced its stake in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL – Free Report) by 1.7% in the fourth quarter, Holdings Channel reports. The firm owned 158,046 shares of the company’s stock after selling 2,777 shares during the period. PNC Financial Services Group Inc.’s holdings in Invesco Russell 1000 Equal Weight ETF were worth $7,634,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake in shares of Invesco Russell 1000 Equal Weight ETF by 249.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,176 shares of the company’s stock valued at $57,000 after purchasing an additional 839 shares during the period. FMR LLC boosted its stake in shares of Invesco Russell 1000 Equal Weight ETF by 25.1% during the third quarter. FMR LLC now owns 2,266 shares of the company’s stock valued at $110,000 after purchasing an additional 454 shares during the period. Valeo Financial Advisors LLC purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the fourth quarter valued at $243,000. Retirement Income Solutions Inc purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the fourth quarter valued at $298,000. Finally, Mission Wealth Management LP purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the fourth quarter valued at $384,000.
Invesco Russell 1000 Equal Weight ETF Price Performance
NYSEARCA:EQAL opened at $46.90 on Wednesday. Invesco Russell 1000 Equal Weight ETF has a 1-year low of $43.26 and a 1-year high of $52.18. The company has a 50-day moving average of $49.33 and a 200 day moving average of $49.16. The firm has a market cap of $602.67 million, a PE ratio of 19.28 and a beta of 1.12.
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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Want to see what other hedge funds are holding EQAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL – Free Report).
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