Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL – Get Free Report)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $131.81 and last traded at $131.81, with a volume of 2260 shares trading hands. The stock had previously closed at $130.17.
Invesco S&P 100 Equal Weight ETF Trading Up 0.7%
The stock has a 50 day moving average price of $128.95 and a two-hundred day moving average price of $123.49. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 20.16 and a beta of 0.89.
Hedge Funds Weigh In On Invesco S&P 100 Equal Weight ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EQWL. Apella Capital LLC acquired a new stake in shares of Invesco S&P 100 Equal Weight ETF in the 2nd quarter valued at approximately $203,000. Western Wealth Management LLC bought a new position in shares of Invesco S&P 100 Equal Weight ETF during the first quarter worth $171,000. CoreFirst Bank & Trust grew its holdings in shares of Invesco S&P 100 Equal Weight ETF by 3.2% in the 1st quarter. CoreFirst Bank & Trust now owns 17,866 shares of the company’s stock valued at $2,059,000 after buying an additional 547 shares during the period. Parallel Advisors LLC increased its position in shares of Invesco S&P 100 Equal Weight ETF by 29.9% in the 1st quarter. Parallel Advisors LLC now owns 2,704 shares of the company’s stock valued at $312,000 after buying an additional 622 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of Invesco S&P 100 Equal Weight ETF by 2,526.4% in the 1st quarter. NewEdge Advisors LLC now owns 103,297 shares of the company’s stock valued at $11,904,000 after buying an additional 99,364 shares in the last quarter.
About Invesco S&P 100 Equal Weight ETF
PowerShares Fundamental Pure Large Core Portfolio (the Fund), formerly PowerShares Dynamic Large Cap Portfolio, is based on the RAFI Fundamental Large Core Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is consisted of common stocks of large core United States companies, including real estate investment trusts (REITs), from a universe consisted of the 2,500 largest United States companies. The Fund invests in sectors, such as consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, telecommunication services and utilities.
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