Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Reaches New 52-Week High – What’s Next?

Shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) hit a new 52-week high on Tuesday . The stock traded as high as $58.01 and last traded at $57.84, with a volume of 147904 shares trading hands. The stock had previously closed at $57.66.

Invesco Russell 1000 Equal Weight ETF Stock Up 0.4%

The firm’s fifty day moving average price is $55.35 and its 200-day moving average price is $53.16. The stock has a market cap of $747.24 million, a P/E ratio of 18.07 and a beta of 1.00.

Institutional Trading of Invesco Russell 1000 Equal Weight ETF

Institutional investors have recently modified their holdings of the company. Sykon Capital LLC purchased a new position in Invesco Russell 1000 Equal Weight ETF during the 3rd quarter valued at about $13,402,000. Bingham Private Wealth LLC bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 4th quarter worth approximately $2,380,000. Thrivent Financial for Lutherans bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 3rd quarter worth approximately $2,192,000. Carroll Advisory Group LLC purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF during the fourth quarter valued at approximately $1,620,000. Finally, Clark Asset Management LLC bought a new position in shares of Invesco Russell 1000 Equal Weight ETF during the fourth quarter valued at approximately $1,273,000.

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.