Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Stock Holdings Raised by Baird Financial Group Inc.

Baird Financial Group Inc. raised its stake in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 3.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 20,007 shares of the company’s stock after acquiring an additional 632 shares during the period. Baird Financial Group Inc.’s holdings in Invesco Russell 1000 Equal Weight ETF were worth $966,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EQAL. Jones Financial Companies Lllp grew its position in shares of Invesco Russell 1000 Equal Weight ETF by 249.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,176 shares of the company’s stock valued at $57,000 after buying an additional 839 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Invesco Russell 1000 Equal Weight ETF by 31.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,061 shares of the company’s stock valued at $196,000 after buying an additional 978 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the 4th quarter valued at about $210,000. Runnymede Capital Advisors Inc. bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the 4th quarter valued at about $212,000. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the 4th quarter valued at about $243,000.

Invesco Russell 1000 Equal Weight ETF Stock Up 0.5%

Shares of NYSEARCA:EQAL opened at $48.36 on Wednesday. Invesco Russell 1000 Equal Weight ETF has a fifty-two week low of $40.85 and a fifty-two week high of $52.18. The firm has a 50-day simple moving average of $45.95 and a 200 day simple moving average of $48.41. The company has a market cap of $625.29 million, a PE ratio of 17.50 and a beta of 1.06.

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.