Kovack Advisors Inc. bought a new stake in shares of Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,663 shares of the company’s stock, valued at approximately $1,398,000.
Several other institutional investors and hedge funds have also bought and sold shares of EQWL. Bond & Devick Financial Network Inc. increased its position in shares of Invesco S&P 100 Equal Weight ETF by 52.5% in the third quarter. Bond & Devick Financial Network Inc. now owns 184,919 shares of the company’s stock valued at $18,921,000 after acquiring an additional 63,654 shares during the period. Able Wealth Management LLC increased its holdings in Invesco S&P 100 Equal Weight ETF by 14.6% during the 3rd quarter. Able Wealth Management LLC now owns 54,762 shares of the company’s stock valued at $5,603,000 after purchasing an additional 6,974 shares during the period. Advisor Resource Council bought a new position in Invesco S&P 100 Equal Weight ETF during the 3rd quarter valued at approximately $257,000. US Bancorp DE bought a new stake in shares of Invesco S&P 100 Equal Weight ETF in the 3rd quarter worth approximately $50,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Invesco S&P 100 Equal Weight ETF by 6.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 103,103 shares of the company’s stock valued at $10,550,000 after buying an additional 6,673 shares during the period.
Invesco S&P 100 Equal Weight ETF Price Performance
Invesco S&P 100 Equal Weight ETF stock traded up $0.22 during mid-day trading on Wednesday, reaching $106.07. 8,699 shares of the company traded hands, compared to its average volume of 46,359. The firm’s 50 day moving average price is $102.08 and its 200 day moving average price is $97.67. Invesco S&P 100 Equal Weight ETF has a 52-week low of $80.55 and a 52-week high of $106.97. The firm has a market capitalization of $713.85 million, a price-to-earnings ratio of 22.06 and a beta of 0.83.
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.
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