Ndwm LLC Buys New Position in ALPS Equal Sector Weight ETF (NYSEARCA:EQL)

Ndwm LLC bought a new stake in shares of ALPS Equal Sector Weight ETF (NYSEARCA:EQL) in the first quarter, Holdings Channel.com reports. The fund bought 4,499 shares of the company’s stock, valued at approximately $531,000. ALPS Equal Sector Weight ETF accounts for 0.5% of Ndwm LLC’s investment portfolio, making the stock its 22nd biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new stake in shares of ALPS Equal Sector Weight ETF in the 1st quarter valued at $216,000. Comprehensive Financial Consultants Institutional Inc. bought a new position in shares of ALPS Equal Sector Weight ETF in the fourth quarter valued at $212,000. Ritholtz Wealth Management bought a new stake in shares of ALPS Equal Sector Weight ETF during the fourth quarter worth about $212,000. Kestra Advisory Services LLC acquired a new stake in shares of ALPS Equal Sector Weight ETF in the 3rd quarter worth about $279,000. Finally, Wealth Effects LLC bought a new position in ALPS Equal Sector Weight ETF in the 4th quarter valued at about $506,000.

ALPS Equal Sector Weight ETF Stock Performance

EQL traded up $0.27 during midday trading on Thursday, reaching $118.29. 2,264 shares of the company were exchanged, compared to its average volume of 11,515. ALPS Equal Sector Weight ETF has a one year low of $95.90 and a one year high of $119.19. The company’s fifty day moving average price is $117.17 and its 200 day moving average price is $114.14. The company has a market cap of $343.04 million, a price-to-earnings ratio of 21.23 and a beta of 0.83.

ALPS Equal Sector Weight ETF Company Profile

The ALPS Equal Sector Weight ETF (EQL) is an exchange-traded fund that is based on the NYSE Select Sector Equal Weight index. The fund tracks an equal-weighted index of all select sector SPDR ETFs. EQL was launched on Jul 7, 2009 and is managed by ALPS.