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

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL – Get Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $61.05 and last traded at $60.93, with a volume of 2489 shares trading hands. The stock had previously closed at $61.00.

Invesco Russell 1000 Equal Weight ETF Stock Performance

The stock has a market cap of $842.19 million, a price-to-earnings ratio of 18.07 and a beta of 0.90. The business’s 50 day moving average is $59.19 and its 200 day moving average is $57.53.

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Institutional Trading of Invesco Russell 1000 Equal Weight ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Sykon Capital LLC purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF during the third quarter valued at $13,402,000. Bank of America Corp DE lifted its stake in Invesco Russell 1000 Equal Weight ETF by 53.9% in the 1st quarter. Bank of America Corp DE now owns 398,926 shares of the company’s stock worth $21,981,000 after acquiring an additional 139,631 shares in the last quarter. Bingham Private Wealth LLC purchased a new stake in Invesco Russell 1000 Equal Weight ETF in the 4th quarter worth about $2,380,000. Empowered Funds LLC lifted its stake in Invesco Russell 1000 Equal Weight ETF by 309.8% in the 1st quarter. Empowered Funds LLC now owns 50,514 shares of the company’s stock worth $2,783,000 after acquiring an additional 38,189 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Invesco Russell 1000 Equal Weight ETF during the 1st quarter worth about $1,856,000.

Invesco Russell 1000 Equal Weight ETF Company Profile

(Get Free Report)

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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