Arkadios Wealth Advisors Makes New Investment in Invesco Russell 1000 Equal Weight ETF $EQAL

Arkadios Wealth Advisors purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 47,386 shares of the company’s stock, valued at approximately $2,333,000. Arkadios Wealth Advisors owned approximately 0.36% of Invesco Russell 1000 Equal Weight ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in EQAL. Wealth Enhancement Advisory Services LLC increased its stake in Invesco Russell 1000 Equal Weight ETF by 11.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,501 shares of the company’s stock valued at $449,000 after acquiring an additional 1,000 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Invesco Russell 1000 Equal Weight ETF by 6.5% in the first quarter. Envestnet Asset Management Inc. now owns 37,006 shares of the company’s stock worth $1,749,000 after purchasing an additional 2,262 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Invesco Russell 1000 Equal Weight ETF in the first quarter worth $76,000. LPL Financial LLC lifted its stake in Invesco Russell 1000 Equal Weight ETF by 2.0% in the first quarter. LPL Financial LLC now owns 224,963 shares of the company’s stock worth $10,632,000 after purchasing an additional 4,496 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Invesco Russell 1000 Equal Weight ETF by 18.3% in the first quarter. Geneos Wealth Management Inc. now owns 67,236 shares of the company’s stock worth $3,178,000 after purchasing an additional 10,400 shares during the last quarter.

Invesco Russell 1000 Equal Weight ETF Stock Down 0.8%

Invesco Russell 1000 Equal Weight ETF stock opened at $51.44 on Friday. The company has a market capitalization of $673.86 million, a PE ratio of 18.07 and a beta of 1.00. The firm has a fifty day simple moving average of $51.97 and a two-hundred day simple moving average of $49.67. Invesco Russell 1000 Equal Weight ETF has a twelve month low of $40.85 and a twelve month high of $52.98.

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.