SFE Investment Counsel Has $1.28 Million Stake in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

SFE Investment Counsel trimmed its position in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 8.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,006 shares of the company’s stock after selling 2,626 shares during the quarter. SFE Investment Counsel owned 0.21% of Invesco Russell 1000 Equal Weight ETF worth $1,276,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of EQAL. HighTower Advisors LLC lifted its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 5.8% during the fourth quarter. HighTower Advisors LLC now owns 5,579 shares of the company’s stock worth $269,000 after purchasing an additional 306 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Invesco Russell 1000 Equal Weight ETF by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 19,219 shares of the company’s stock valued at $979,000 after purchasing an additional 415 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Invesco Russell 1000 Equal Weight ETF by 11.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,501 shares of the company’s stock valued at $449,000 after buying an additional 1,000 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the 4th quarter valued at $414,000. Finally, Janney Montgomery Scott LLC raised its position in Invesco Russell 1000 Equal Weight ETF by 12.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 18,892 shares of the company’s stock worth $893,000 after purchasing an additional 2,118 shares during the period.

Invesco Russell 1000 Equal Weight ETF Price Performance

EQAL stock opened at $51.22 on Thursday. Invesco Russell 1000 Equal Weight ETF has a 1 year low of $40.85 and a 1 year high of $52.18. The company has a market cap of $680.20 million, a P/E ratio of 18.07 and a beta of 1.11. The firm has a 50-day moving average of $48.92 and a 200 day moving average of $48.07.

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.