Wealth Enhancement Trust Services Inc. Purchases New Stake in Invesco S&P 100 Equal Weight ETF $EQWL

Wealth Enhancement Trust Services Inc. acquired a new position in shares of Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 18,663 shares of the company’s stock, valued at approximately $2,205,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EQWL. Ameriprise Financial Inc. grew its holdings in Invesco S&P 100 Equal Weight ETF by 60.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 444,410 shares of the company’s stock valued at $48,864,000 after buying an additional 166,901 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco S&P 100 Equal Weight ETF by 100.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 169,208 shares of the company’s stock worth $19,405,000 after acquiring an additional 84,892 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Invesco S&P 100 Equal Weight ETF by 40.5% during the 3rd quarter. Raymond James Financial Inc. now owns 244,465 shares of the company’s stock worth $28,035,000 after acquiring an additional 70,465 shares during the period. Two Sigma Investments LP purchased a new position in shares of Invesco S&P 100 Equal Weight ETF during the 3rd quarter worth $7,661,000. Finally, PCG Wealth Advisors LLC acquired a new position in shares of Invesco S&P 100 Equal Weight ETF during the 3rd quarter valued at about $5,128,000.

Invesco S&P 100 Equal Weight ETF Trading Up 1.0%

Shares of EQWL opened at $121.85 on Friday. Invesco S&P 100 Equal Weight ETF has a 12-month low of $93.70 and a 12-month high of $123.35. The firm has a 50-day moving average price of $118.98 and a 200 day moving average price of $118.14. The firm has a market capitalization of $2.45 billion, a P/E ratio of 20.16 and a beta of 0.90.

Invesco S&P 100 Equal Weight ETF Company Profile

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. The Fund invests in sectors, such as consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, telecommunication services and utilities.