Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL – Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $60.07 and last traded at $60.07, with a volume of 11564 shares. The stock had previously closed at $59.87.
Invesco Russell 1000 Equal Weight ETF Stock Performance
The stock has a market cap of $834.21 million, a P/E ratio of 18.07 and a beta of 0.90. The firm has a 50 day moving average of $59.00 and a two-hundred day moving average of $57.32.
Institutional Investors Weigh In On Invesco Russell 1000 Equal Weight ETF
Hedge funds have recently modified their holdings of the business. Breakwater Capital Group increased its position in Invesco Russell 1000 Equal Weight ETF by 13.0% during the second quarter. Breakwater Capital Group now owns 18,538 shares of the company’s stock worth $1,098,000 after acquiring an additional 2,130 shares during the period. Valeo Financial Advisors LLC bought a new stake in Invesco Russell 1000 Equal Weight ETF in the 2nd quarter valued at $208,000. Bank of America Corp DE grew its position in Invesco Russell 1000 Equal Weight ETF by 53.9% in the 1st quarter. Bank of America Corp DE now owns 398,926 shares of the company’s stock worth $21,981,000 after purchasing an additional 139,631 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 309.8% during the 1st quarter. Empowered Funds LLC now owns 50,514 shares of the company’s stock worth $2,783,000 after purchasing an additional 38,189 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 24.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 104,087 shares of the company’s stock worth $5,735,000 after purchasing an additional 20,722 shares during the period.
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.
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