Bernard Wealth Management Corp. Invests $210,000 in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

Bernard Wealth Management Corp. acquired a new position in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) during the fourth quarter, HoldingsChannel reports. The firm acquired 4,339 shares of the company’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EQAL. LPL Financial LLC raised its stake in shares of Invesco Russell 1000 Equal Weight ETF by 2.6% in the 4th quarter. LPL Financial LLC now owns 220,467 shares of the company’s stock valued at $10,649,000 after purchasing an additional 5,571 shares during the period. Sykon Capital LLC bought a new stake in Invesco Russell 1000 Equal Weight ETF in the 4th quarter valued at approximately $5,451,000. Strategic Financial Concepts LLC acquired a new position in Invesco Russell 1000 Equal Weight ETF during the 4th quarter worth approximately $5,398,000. Miracle Mile Advisors LLC bought a new position in shares of Invesco Russell 1000 Equal Weight ETF during the 4th quarter worth approximately $4,143,000. Finally, Davis Investment Partners LLC raised its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 2.2% in the fourth quarter. Davis Investment Partners LLC now owns 37,733 shares of the company’s stock valued at $1,809,000 after purchasing an additional 802 shares during the last quarter.

Invesco Russell 1000 Equal Weight ETF Stock Down 0.8 %

Shares of EQAL stock opened at $42.41 on Tuesday. Invesco Russell 1000 Equal Weight ETF has a 12 month low of $40.85 and a 12 month high of $52.18. The company’s fifty day simple moving average is $48.45 and its 200-day simple moving average is $49.12. The firm has a market cap of $542.85 million, a PE ratio of 16.90 and a beta of 1.06.

Invesco Russell 1000 Equal Weight ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a dividend of $0.2251 per share. This is an increase from Invesco Russell 1000 Equal Weight ETF’s previous dividend of $0.17. The ex-dividend date was Monday, March 24th.

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.