Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) is Able Wealth Management LLC’s 4th Largest Position

Able Wealth Management LLC boosted its holdings in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) by 9.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 66,038 shares of the company’s stock after buying an additional 5,541 shares during the period. Invesco S&P 100 Equal Weight ETF makes up 3.7% of Able Wealth Management LLC’s investment portfolio, making the stock its 4th largest position. Able Wealth Management LLC’s holdings in Invesco S&P 100 Equal Weight ETF were worth $6,808,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EQWL. CM Wealth Advisors LLC purchased a new position in shares of Invesco S&P 100 Equal Weight ETF in the first quarter worth $11,705,000. Raymond James Financial Inc. bought a new position in Invesco S&P 100 Equal Weight ETF during the 4th quarter valued at about $11,217,000. LPL Financial LLC boosted its holdings in shares of Invesco S&P 100 Equal Weight ETF by 15.7% during the 4th quarter. LPL Financial LLC now owns 786,301 shares of the company’s stock valued at $80,423,000 after acquiring an additional 106,600 shares during the last quarter. Bond & Devick Financial Network Inc. boosted its holdings in shares of Invesco S&P 100 Equal Weight ETF by 49.1% during the 1st quarter. Bond & Devick Financial Network Inc. now owns 275,766 shares of the company’s stock valued at $28,429,000 after acquiring an additional 90,847 shares during the last quarter. Finally, Advisory Services Network LLC grew its stake in shares of Invesco S&P 100 Equal Weight ETF by 958.6% in the fourth quarter. Advisory Services Network LLC now owns 87,483 shares of the company’s stock worth $8,948,000 after acquiring an additional 79,219 shares during the period.

Invesco S&P 100 Equal Weight ETF Stock Up 0.2%

Shares of Invesco S&P 100 Equal Weight ETF stock opened at $111.18 on Thursday. Invesco S&P 100 Equal Weight ETF has a twelve month low of $89.16 and a twelve month high of $111.18. The company’s 50 day moving average is $105.49 and its 200 day moving average is $103.91. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 20.16 and a beta of 0.96.

About Invesco S&P 100 Equal Weight ETF

PowerShares Fundamental Pure Large Core Portfolio (the Fund), formerly PowerShares Dynamic Large Cap Portfolio, is based on the RAFI Fundamental Large Core Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is consisted of common stocks of large core United States companies, including real estate investment trusts (REITs), from a universe consisted of the 2,500 largest United States companies.