Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Sets New 1-Year High – Time to Buy?

Shares of Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) reached a new 52-week high during trading on Tuesday . The stock traded as high as $131.60 and last traded at $131.60, with a volume of 13593 shares changing hands. The stock had previously closed at $130.15.

Invesco S&P 100 Equal Weight ETF Stock Performance

The business’s fifty day moving average price is $128.47 and its two-hundred day moving average price is $123.13. The firm has a market capitalization of $2.74 billion, a P/E ratio of 20.16 and a beta of 0.89.

Institutional Investors Weigh In On Invesco S&P 100 Equal Weight ETF

Several institutional investors have recently bought and sold shares of EQWL. Pittenger & Anderson Inc. purchased a new position in Invesco S&P 100 Equal Weight ETF in the fourth quarter worth $30,000. Sound Income Strategies LLC acquired a new stake in shares of Invesco S&P 100 Equal Weight ETF in the 1st quarter worth $44,000. Wells Fargo & Company MN boosted its position in shares of Invesco S&P 100 Equal Weight ETF by 50,100.0% in the 4th quarter. Wells Fargo & Company MN now owns 502 shares of the company’s stock worth $59,000 after purchasing an additional 501 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new position in Invesco S&P 100 Equal Weight ETF during the 1st quarter worth $87,000. Finally, Qube Research & Technologies Ltd purchased a new position in Invesco S&P 100 Equal Weight ETF during the 3rd quarter worth $95,000.

About Invesco S&P 100 Equal Weight ETF

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.