Van Cleef Asset Management Inc Grows Position in ALPS Equal Sector Weight ETF $EQL

Van Cleef Asset Management Inc increased its holdings in shares of ALPS Equal Sector Weight ETF (NYSEARCA:EQL) by 200.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,800 shares of the company’s stock after purchasing an additional 3,200 shares during the quarter. Van Cleef Asset Management Inc’s holdings in ALPS Equal Sector Weight ETF were worth $210,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. boosted its stake in ALPS Equal Sector Weight ETF by 6.9% during the first quarter. Raymond James Financial Inc. now owns 301,508 shares of the company’s stock worth $37,981,000 after buying an additional 19,535 shares during the period. Aveo Capital Partners LLC lifted its holdings in shares of ALPS Equal Sector Weight ETF by 201.1% in the 1st quarter. Aveo Capital Partners LLC now owns 130,301 shares of the company’s stock worth $16,414,000 after acquiring an additional 87,031 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of ALPS Equal Sector Weight ETF by 5.3% during the 1st quarter. Cetera Investment Advisers now owns 79,879 shares of the company’s stock worth $10,062,000 after purchasing an additional 4,044 shares during the period. LPL Financial LLC increased its holdings in ALPS Equal Sector Weight ETF by 10.1% in the 1st quarter. LPL Financial LLC now owns 65,901 shares of the company’s stock valued at $8,302,000 after purchasing an additional 6,055 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in ALPS Equal Sector Weight ETF by 281.2% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 48,005 shares of the company’s stock valued at $2,105,000 after purchasing an additional 35,413 shares during the last quarter.

ALPS Equal Sector Weight ETF Stock Up 0.7%

NYSEARCA:EQL opened at $45.71 on Friday. ALPS Equal Sector Weight ETF has a 52 week low of $36.66 and a 52 week high of $46.71. The stock’s fifty day moving average is $45.80 and its two-hundred day moving average is $44.26. The stock has a market capitalization of $521.09 million, a price-to-earnings ratio of 22.84 and a beta of 0.91.

ALPS Equal Sector Weight ETF Profile

The ALPS Equal Sector Weight ETF (EQL) is an exchange-traded fund that is based on the NYSE Select Sector Equal Weight index. The fund tracks an equal-weighted index of all select sector SPDR ETFs. EQL was launched on Jul 7, 2009 and is managed by ALPS.