Baird Financial Group Inc. Increases Position in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

Baird Financial Group Inc. grew its holdings in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 3.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 20,007 shares of the company’s stock after buying an additional 632 shares during the period. Baird Financial Group Inc. owned 0.15% of Invesco Russell 1000 Equal Weight ETF worth $966,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE raised its holdings in Invesco Russell 1000 Equal Weight ETF by 3.6% during the fourth quarter. Bank of America Corp DE now owns 626,197 shares of the company’s stock worth $30,245,000 after purchasing an additional 21,906 shares in the last quarter. LPL Financial LLC raised its holdings in Invesco Russell 1000 Equal Weight ETF by 2.6% during the fourth quarter. LPL Financial LLC now owns 220,467 shares of the company’s stock worth $10,649,000 after purchasing an additional 5,571 shares in the last quarter. Sykon Capital LLC purchased a new position in Invesco Russell 1000 Equal Weight ETF during the fourth quarter worth about $5,451,000. Strategic Financial Concepts LLC purchased a new position in Invesco Russell 1000 Equal Weight ETF during the fourth quarter worth about $5,398,000. Finally, Miracle Mile Advisors LLC purchased a new position in Invesco Russell 1000 Equal Weight ETF during the fourth quarter worth about $4,143,000.

Invesco Russell 1000 Equal Weight ETF Stock Up 0.5%

NYSEARCA EQAL opened at $48.36 on Wednesday. The stock has a market capitalization of $625.29 million, a P/E ratio of 17.50 and a beta of 1.06. Invesco Russell 1000 Equal Weight ETF has a 52-week low of $40.85 and a 52-week high of $52.18. The firm has a 50-day moving average price of $45.95 and a 200 day moving average price of $48.41.

Invesco Russell 1000 Equal Weight ETF 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.