Confluence Wealth Services Inc. Cuts Stock Position in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

Confluence Wealth Services Inc. lessened its position in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 74.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,950 shares of the company’s stock after selling 14,479 shares during the period. Confluence Wealth Services Inc.’s holdings in Invesco Russell 1000 Equal Weight ETF were worth $241,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EQAL. Avantax Advisory Services Inc. purchased a new position in Invesco Russell 1000 Equal Weight ETF during the 1st quarter worth $844,000. Capital Advisors Ltd. LLC increased its stake in shares of Invesco Russell 1000 Equal Weight ETF by 0.9% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 47,295 shares of the company’s stock worth $2,112,000 after purchasing an additional 425 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Invesco Russell 1000 Equal Weight ETF by 41.9% during the first quarter. Janney Montgomery Scott LLC now owns 13,083 shares of the company’s stock valued at $604,000 after acquiring an additional 3,863 shares during the last quarter. San Luis Wealth Advisors LLC boosted its stake in Invesco Russell 1000 Equal Weight ETF by 6.9% in the 3rd quarter. San Luis Wealth Advisors LLC now owns 133,321 shares of the company’s stock worth $6,486,000 after buying an additional 8,603 shares during the last quarter. Finally, Creative Planning acquired a new position in Invesco Russell 1000 Equal Weight ETF in the second quarter valued at $512,000.

Invesco Russell 1000 Equal Weight ETF Trading Up 0.2 %

EQAL opened at $48.35 on Tuesday. Invesco Russell 1000 Equal Weight ETF has a twelve month low of $38.51 and a twelve month high of $49.63. The firm has a market cap of $638.22 million, a price-to-earnings ratio of 16.01 and a beta of 0.95. The company has a fifty day simple moving average of $48.14 and a 200 day simple moving average of $46.30.

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.