Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Sets New 1-Year High – Here’s What Happened

by · The Cerbat Gem

Shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL – Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $55.62 and last traded at $55.5750, with a volume of 1202 shares traded. The stock had previously closed at $55.10.

Invesco Russell 1000 Equal Weight ETF Price Performance

The company’s 50 day simple moving average is $53.67 and its 200 day simple moving average is $52.21. The company has a market capitalization of $725.25 million, a PE ratio of 18.07 and a beta of 1.00.

Hedge Funds Weigh In On Invesco Russell 1000 Equal Weight ETF

Several large investors have recently bought and sold shares of the stock. Sykon Capital LLC acquired a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the third quarter worth about $13,402,000. Arkadios Wealth Advisors purchased a new position in Invesco Russell 1000 Equal Weight ETF during the 2nd quarter worth approximately $2,333,000. Bingham Private Wealth LLC acquired a new position in Invesco Russell 1000 Equal Weight ETF during the fourth quarter worth approximately $2,380,000. Thrivent Financial for Lutherans purchased a new stake in Invesco Russell 1000 Equal Weight ETF in the third quarter valued at approximately $2,192,000. Finally, Lunt Capital Management Inc. boosted its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 235.6% in the second quarter. Lunt Capital Management Inc. now owns 46,323 shares of the company’s stock valued at $2,281,000 after acquiring an additional 32,521 shares during the period.

About Invesco Russell 1000 Equal Weight ETF

(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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