Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Hits New 52-Week High – Here’s What Happened

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $131.81 and last traded at $131.81, with a volume of 2260 shares traded. The stock had previously closed at $130.17.

Invesco S&P 100 Equal Weight ETF Price Performance

The stock has a market capitalization of $2.74 billion, a P/E ratio of 20.16 and a beta of 0.89. The company’s 50 day simple moving average is $128.95 and its two-hundred day simple moving average is $123.49.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Reicon Wealth Advisors LLC acquired a new position in Invesco S&P 100 Equal Weight ETF during the 4th quarter valued at about $29,682,000. Thrivent Financial for Lutherans bought a new stake in shares of Invesco S&P 100 Equal Weight ETF during the fourth quarter worth approximately $21,877,000. Ameriprise Financial Inc. raised its stake in shares of Invesco S&P 100 Equal Weight ETF by 60.1% during the second quarter. Ameriprise Financial Inc. now owns 444,410 shares of the company’s stock worth $48,864,000 after buying an additional 166,901 shares during the last quarter. LPL Financial LLC raised its stake in shares of Invesco S&P 100 Equal Weight ETF by 9.7% during the fourth quarter. LPL Financial LLC now owns 1,765,365 shares of the company’s stock worth $208,596,000 after buying an additional 156,725 shares during the last quarter. Finally, RFP Financial Group LLC lifted its holdings in Invesco S&P 100 Equal Weight ETF by 32.0% in the fourth quarter. RFP Financial Group LLC now owns 458,426 shares of the company’s stock valued at $54,167,000 after buying an additional 111,115 shares during the period.

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.