MAI Capital Management Purchases 1,182 Shares of ALPS Equal Sector Weight ETF $EQL

MAI Capital Management raised its position in shares of ALPS Equal Sector Weight ETF (NYSEARCA:EQL) by 200.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,773 shares of the company’s stock after buying an additional 1,182 shares during the period. MAI Capital Management’s holdings in ALPS Equal Sector Weight ETF were worth $78,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of EQL. Envestnet Asset Management Inc. grew its position in ALPS Equal Sector Weight ETF by 3.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 10,310 shares of the company’s stock worth $1,299,000 after acquiring an additional 340 shares during the last quarter. AE Wealth Management LLC acquired a new position in ALPS Equal Sector Weight ETF in the first quarter worth $78,000. LPL Financial LLC grew its holdings in shares of ALPS Equal Sector Weight ETF by 10.1% during the first quarter. LPL Financial LLC now owns 65,901 shares of the company’s stock worth $8,302,000 after purchasing an additional 6,055 shares during the last quarter. Aveo Capital Partners LLC increased its stake in shares of ALPS Equal Sector Weight ETF by 201.1% in the first quarter. Aveo Capital Partners LLC now owns 130,301 shares of the company’s stock valued at $16,414,000 after buying an additional 87,031 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of ALPS Equal Sector Weight ETF by 6.9% in the first quarter. Raymond James Financial Inc. now owns 301,508 shares of the company’s stock valued at $37,981,000 after buying an additional 19,535 shares during the last quarter.

ALPS Equal Sector Weight ETF Stock Up 0.6%

Shares of NYSEARCA EQL opened at $46.64 on Friday. ALPS Equal Sector Weight ETF has a 12-month low of $36.66 and a 12-month high of $46.71. The firm’s 50-day simple moving average is $45.91 and its 200 day simple moving average is $44.75. The company has a market cap of $531.70 million, a price-to-earnings ratio of 22.84 and a beta of 0.91.

ALPS Equal Sector Weight ETF Profile

The ALPS Equal Sector Weight ETF (EQL) is an exchange-traded fund that is based on the NYSE Select Sector Equal Weight index. The fund tracks an equal-weighted index of all select sector SPDR ETFs. EQL was launched on Jul 7, 2009 and is managed by ALPS.