Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Sets New 52-Week High – Here’s What Happened

Posted by Trevor Kearing on Nov 6th, 2024

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL – Get Free Report)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $50.00 and last traded at $50.00, with a volume of 233 shares trading hands. The stock had previously closed at $48.92.

Invesco Russell 1000 Equal Weight ETF Price Performance

The company has a market cap of $661.85 million, a PE ratio of 16.01 and a beta of 0.95. The business has a fifty day simple moving average of $48.17 and a two-hundred day simple moving average of $46.33.

Hedge Funds Weigh In On Invesco Russell 1000 Equal Weight ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Goodman Advisory Group LLC purchased a new position in Invesco Russell 1000 Equal Weight ETF in the second quarter valued at $34,000. Fiduciary Financial Group LLC purchased a new position in Invesco Russell 1000 Equal Weight ETF during the third quarter worth approximately $202,000. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco Russell 1000 Equal Weight ETF by 31.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,800 shares of the company’s stock valued at $348,000 after purchasing an additional 1,876 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the third quarter valued at approximately $386,000. Finally, Total Clarity Wealth Management Inc. acquired a new position in shares of Invesco Russell 1000 Equal Weight ETF during the 2nd quarter worth approximately $403,000.

Invesco Russell 1000 Equal Weight ETF Company Profile

(Get Free Report)

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.