Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Reaches New 1-Year High – Still a Buy?

Shares of Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) reached a new 52-week high on Thursday . The stock traded as high as $125.79 and last traded at $125.79, with a volume of 20627 shares trading hands. The stock had previously closed at $125.60.

Invesco S&P 100 Equal Weight ETF Stock Up 0.2%

The firm’s 50 day simple moving average is $119.61 and its two-hundred day simple moving average is $119.27. The stock has a market cap of $2.55 billion, a P/E ratio of 20.16 and a beta of 0.89.

Hedge Funds Weigh In On Invesco S&P 100 Equal Weight ETF

Institutional investors have recently modified their holdings of the company. Bond & Devick Financial Network Inc. lifted its holdings in Invesco S&P 100 Equal Weight ETF by 4.2% in the fourth quarter. Bond & Devick Financial Network Inc. now owns 311,977 shares of the company’s stock worth $36,863,000 after purchasing an additional 12,652 shares during the period. JPMorgan Chase & Co. lifted its holdings in Invesco S&P 100 Equal Weight ETF by 14.2% in the third quarter. JPMorgan Chase & Co. now owns 36,136 shares of the company’s stock worth $4,144,000 after purchasing an additional 4,496 shares during the period. Jones Financial Companies Lllp lifted its holdings in Invesco S&P 100 Equal Weight ETF by 24.7% in the third quarter. Jones Financial Companies Lllp now owns 179,426 shares of the company’s stock worth $20,526,000 after purchasing an additional 35,513 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Invesco S&P 100 Equal Weight ETF by 14.8% in the third quarter. Envestnet Asset Management Inc. now owns 89,817 shares of the company’s stock worth $10,300,000 after purchasing an additional 11,611 shares during the period. Finally, Fifth Third Securities Inc. lifted its holdings in Invesco S&P 100 Equal Weight ETF by 12.5% in the fourth quarter. Fifth Third Securities Inc. now owns 47,397 shares of the company’s stock worth $5,600,000 after purchasing an additional 5,260 shares during the period.

Invesco S&P 100 Equal Weight ETF Company Profile

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.