Shares of Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $131.06 and last traded at $130.53, with a volume of 7690 shares. The stock had previously closed at $129.29.
Invesco S&P 100 Equal Weight ETF Stock Down 0.2%
The company has a market cap of $2.69 billion, a price-to-earnings ratio of 20.16 and a beta of 0.89. The company has a fifty day simple moving average of $126.47 and a two-hundred day simple moving average of $121.91.
Hedge Funds Weigh In On Invesco S&P 100 Equal Weight ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pittenger & Anderson Inc. purchased a new position in shares of Invesco S&P 100 Equal Weight ETF during the 4th quarter worth approximately $30,000. Sound Income Strategies LLC purchased a new position in Invesco S&P 100 Equal Weight ETF during the first quarter worth $44,000. Wells Fargo & Company MN raised its holdings in shares of Invesco S&P 100 Equal Weight ETF by 50,100.0% in the fourth quarter. Wells Fargo & Company MN now owns 502 shares of the company’s stock worth $59,000 after acquiring an additional 501 shares during the last quarter. Asset Dedication LLC purchased a new stake in shares of Invesco S&P 100 Equal Weight ETF in the third quarter valued at $69,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in shares of Invesco S&P 100 Equal Weight ETF in the first quarter valued at $87,000.
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.
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