Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Reaches New 12-Month High – What’s Next?

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $52.92 and last traded at $52.89, with a volume of 1357 shares traded. The stock had previously closed at $52.46.

Invesco Russell 1000 Equal Weight ETF Price Performance

The company’s 50-day simple moving average is $51.85 and its 200-day simple moving average is $49.45. The stock has a market capitalization of $689.58 million, a P/E ratio of 18.07 and a beta of 1.11.

Hedge Funds Weigh In On Invesco Russell 1000 Equal Weight ETF

Large investors have recently modified their holdings of the stock. Ameriflex Group Inc. bought a new position in shares of Invesco Russell 1000 Equal Weight ETF in the second quarter valued at about $25,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Invesco Russell 1000 Equal Weight ETF in the first quarter valued at about $76,000. Harbour Investments Inc. grew its stake in shares of Invesco Russell 1000 Equal Weight ETF by 9.9% in the second quarter. Harbour Investments Inc. now owns 3,151 shares of the company’s stock valued at $155,000 after acquiring an additional 285 shares in the last quarter. Fiduciary Financial Group LLC acquired a new position in shares of Invesco Russell 1000 Equal Weight ETF in the third quarter valued at about $203,000. Finally, Captrust Financial Advisors acquired a new position in shares of Invesco Russell 1000 Equal Weight ETF in the second quarter valued at about $203,000.

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.