Forza Wealth Management LLC Buys 33,680 Shares of Invesco S&P 100 Equal Weight ETF $EQWL

Forza Wealth Management LLC raised its stake in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) by 100.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,107 shares of the company’s stock after buying an additional 33,680 shares during the quarter. Invesco S&P 100 Equal Weight ETF accounts for about 2.9% of Forza Wealth Management LLC’s portfolio, making the stock its 4th largest position. Forza Wealth Management LLC owned approximately 0.39% of Invesco S&P 100 Equal Weight ETF worth $7,929,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Bond & Devick Financial Network Inc. raised its position in Invesco S&P 100 Equal Weight ETF by 4.2% in the fourth quarter. Bond & Devick Financial Network Inc. now owns 311,977 shares of the company’s stock valued at $36,863,000 after purchasing an additional 12,652 shares during the last quarter. JPMorgan Chase & Co. raised its position in Invesco S&P 100 Equal Weight ETF by 14.2% in the third quarter. JPMorgan Chase & Co. now owns 36,136 shares of the company’s stock valued at $4,144,000 after purchasing an additional 4,496 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Invesco S&P 100 Equal Weight ETF by 24.7% during the third quarter. Jones Financial Companies Lllp now owns 179,426 shares of the company’s stock worth $20,526,000 after acquiring an additional 35,513 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Invesco S&P 100 Equal Weight ETF by 14.8% during the third quarter. Envestnet Asset Management Inc. now owns 89,817 shares of the company’s stock worth $10,300,000 after acquiring an additional 11,611 shares during the last quarter. Finally, REDW Wealth LLC raised its position in shares of Invesco S&P 100 Equal Weight ETF by 131.5% during the fourth quarter. REDW Wealth LLC now owns 8,964 shares of the company’s stock worth $1,059,000 after acquiring an additional 5,092 shares during the last quarter.

Invesco S&P 100 Equal Weight ETF Price Performance

Shares of EQWL opened at $122.92 on Friday. Invesco S&P 100 Equal Weight ETF has a 1 year low of $100.80 and a 1 year high of $123.72. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 20.16 and a beta of 0.89. The business has a 50-day moving average of $118.85 and a 200-day moving average of $118.51.

Invesco S&P 100 Equal Weight ETF 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.