Shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL – Get Free Report) fell 1.3% on Friday . The company traded as low as $56.86 and last traded at $56.88. 24,046 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 67,732 shares. The stock had previously closed at $57.61.
Invesco Russell 1000 Equal Weight ETF Stock Down 1.3%
The stock has a market cap of $779.26 million, a price-to-earnings ratio of 18.07 and a beta of 0.91. The business’s fifty day moving average is $56.50 and its two-hundred day moving average is $54.78.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC lifted its stake in Invesco Russell 1000 Equal Weight ETF by 1.4% in the fourth quarter. Kestra Advisory Services LLC now owns 14,922 shares of the company’s stock worth $785,000 after acquiring an additional 201 shares during the last quarter. Cerity Partners LLC lifted its stake in Invesco Russell 1000 Equal Weight ETF by 1.5% in the second quarter. Cerity Partners LLC now owns 23,940 shares of the company’s stock worth $1,179,000 after acquiring an additional 355 shares during the last quarter. SFE Investment Counsel lifted its stake in Invesco Russell 1000 Equal Weight ETF by 1.4% in the fourth quarter. SFE Investment Counsel now owns 26,785 shares of the company’s stock worth $1,410,000 after acquiring an additional 376 shares during the last quarter. Royal Bank of Canada lifted its stake in Invesco Russell 1000 Equal Weight ETF by 7.7% in the first quarter. Royal Bank of Canada now owns 6,764 shares of the company’s stock worth $320,000 after acquiring an additional 484 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Invesco Russell 1000 Equal Weight ETF by 15.1% in the third quarter. Jones Financial Companies Lllp now owns 3,818 shares of the company’s stock worth $198,000 after acquiring an additional 501 shares during 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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