Peirce Capital Management LLC Acquires New Stake in Invesco Russell 1000 Equal Weight ETF $EQAL

Peirce Capital Management LLC acquired a new stake in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 24,113 shares of the company’s stock, valued at approximately $1,187,000. Invesco Russell 1000 Equal Weight ETF accounts for 0.5% of Peirce Capital Management LLC’s portfolio, making the stock its 20th biggest position.

A number of other hedge funds have also made changes to their positions in the stock. GPS Wealth Strategies Group LLC bought a new stake in Invesco Russell 1000 Equal Weight ETF during the first quarter worth approximately $40,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Invesco Russell 1000 Equal Weight ETF during the first quarter worth approximately $76,000. Bernard Wealth Management Corp. bought a new stake in Invesco Russell 1000 Equal Weight ETF during the fourth quarter worth approximately $143,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco Russell 1000 Equal Weight ETF by 182.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,074 shares of the company’s stock worth $240,000 after buying an additional 3,278 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Invesco Russell 1000 Equal Weight ETF by 4.8% during the first quarter. HighTower Advisors LLC now owns 5,848 shares of the company’s stock worth $276,000 after buying an additional 269 shares in the last quarter.

Invesco Russell 1000 Equal Weight ETF Stock Performance

Shares of NYSEARCA:EQAL opened at $51.98 on Monday. The stock has a market capitalization of $686.14 million, a price-to-earnings ratio of 18.07 and a beta of 1.11. Invesco Russell 1000 Equal Weight ETF has a 1-year low of $40.85 and a 1-year high of $52.42. The company has a 50 day moving average price of $50.74 and a 200 day moving average price of $48.37.

Invesco Russell 1000 Equal Weight ETF Company 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.