Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL – Get Free Report) shares shot up 0.6% on Thursday . The stock traded as high as $59.42 and last traded at $59.38. Approximately 38,652 shares were traded during trading, a decline of 32% from the average daily volume of 57,204 shares. The stock had previously closed at $59.01.
Invesco Russell 1000 Equal Weight ETF Stock Up 0.6%
The stock has a market capitalization of $813.51 million, a price-to-earnings ratio of 18.07 and a beta of 0.90. The business’s 50 day simple moving average is $58.60 and its 200-day simple moving average is $56.84.
Institutional Trading of Invesco Russell 1000 Equal Weight ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Sykon Capital LLC bought a new stake in Invesco Russell 1000 Equal Weight ETF during the third quarter worth $13,402,000. Bank of America Corp DE increased its stake in shares of 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 valued at $21,981,000 after purchasing an additional 139,631 shares during the last quarter. Bingham Private Wealth LLC bought a new position in shares of Invesco Russell 1000 Equal Weight ETF in the 4th quarter valued at $2,380,000. Empowered Funds LLC raised 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 buying an additional 38,189 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Invesco Russell 1000 Equal Weight ETF during the 1st quarter worth $1,856,000.
About Invesco Russell 1000 Equal Weight ETF
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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