Shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL – Get Free Report) saw strong trading volume on Monday . 95,836 shares traded hands during trading, an increase of 247% from the previous session’s volume of 27,651 shares.The stock last traded at $47.82 and had previously closed at $47.22.
Invesco Russell 1000 Equal Weight ETF Stock Up 1.7 %
The stock has a market cap of $617.25 million, a P/E ratio of 19.28 and a beta of 1.12. The business has a 50 day moving average price of $49.22 and a 200 day moving average price of $49.14.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of EQAL. Bernard Wealth Management Corp. bought a new position in Invesco Russell 1000 Equal Weight ETF in the fourth quarter worth approximately $143,000. Wick Capital Partners LLC grew its stake in Invesco Russell 1000 Equal Weight ETF by 3.2% in the fourth quarter. Wick Capital Partners LLC now owns 83,518 shares of the company’s stock worth $4,034,000 after purchasing an additional 2,581 shares in the last quarter. Napa Wealth Management bought a new stake in Invesco Russell 1000 Equal Weight ETF during the 4th quarter valued at $710,000. Baird Financial Group Inc. boosted its position in Invesco Russell 1000 Equal Weight ETF by 3.3% during the 4th quarter. Baird Financial Group Inc. now owns 20,007 shares of the company’s stock valued at $966,000 after acquiring an additional 632 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in Invesco Russell 1000 Equal Weight ETF by 3.6% during the 4th quarter. Bank of America Corp DE now owns 626,197 shares of the company’s stock valued at $30,245,000 after acquiring an additional 21,906 shares in the last quarter.
Invesco Russell 1000 Equal Weight ETF Company Profile
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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