Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Reaches New 52-Week High – Should You Buy?

Shares of Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) reached a new 52-week high on Wednesday . The stock traded as high as $127.55 and last traded at $127.38, with a volume of 40861 shares. The stock had previously closed at $126.74.

Invesco S&P 100 Equal Weight ETF Stock Up 0.5%

The company has a market cap of $2.58 billion, a P/E ratio of 20.16 and a beta of 0.89. The company has a fifty day moving average of $120.29 and a 200 day moving average of $119.58.

Institutional Trading of Invesco S&P 100 Equal Weight ETF

Several large investors have recently modified their holdings of EQWL. Royal Bank of Canada grew its holdings in shares of Invesco S&P 100 Equal Weight ETF by 16.7% in the first quarter. Royal Bank of Canada now owns 46,495 shares of the company’s stock worth $4,793,000 after acquiring an additional 6,664 shares during the period. NewEdge Advisors LLC grew its holdings in Invesco S&P 100 Equal Weight ETF by 20.7% during the first quarter. NewEdge Advisors LLC now owns 4,082 shares of the company’s stock valued at $421,000 after purchasing an additional 700 shares during the period. Goldman Sachs Group Inc. bought a new stake in Invesco S&P 100 Equal Weight ETF during the first quarter valued at about $872,000. Jane Street Group LLC grew its holdings in Invesco S&P 100 Equal Weight ETF by 6.5% during the first quarter. Jane Street Group LLC now owns 7,594 shares of the company’s stock valued at $783,000 after purchasing an additional 465 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Invesco S&P 100 Equal Weight ETF by 557.7% during the second quarter. JPMorgan Chase & Co. now owns 31,640 shares of the company’s stock valued at $3,479,000 after purchasing an additional 26,829 shares during the period.

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.