Empowered Funds LLC increased its position in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL – Free Report) by 309.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,514 shares of the company’s stock after acquiring an additional 38,189 shares during the quarter. Empowered Funds LLC’s holdings in Invesco Russell 1000 Equal Weight ETF were worth $2,783,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Sykon Capital LLC purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF in the 3rd quarter worth about $13,402,000. Bingham Private Wealth LLC purchased a new position in Invesco Russell 1000 Equal Weight ETF in the 4th quarter worth approximately $2,380,000. Sanctuary Advisors LLC purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the first quarter valued at approximately $1,856,000. Carroll Advisory Group LLC bought a new stake in Invesco Russell 1000 Equal Weight ETF in the 4th quarter worth $1,620,000. Finally, Clark Asset Management LLC purchased a new position in Invesco Russell 1000 Equal Weight ETF during the 4th quarter valued at about $1,273,000.
Invesco Russell 1000 Equal Weight ETF Trading Up 1.5%
Shares of Invesco Russell 1000 Equal Weight ETF stock opened at $60.74 on Wednesday. Invesco Russell 1000 Equal Weight ETF has a 12-month low of $49.51 and a 12-month high of $60.80. The company has a market cap of $835.17 million, a P/E ratio of 18.07 and a beta of 0.90. The company’s fifty day simple moving average is $59.04 and its two-hundred day simple moving average is $57.36.
Invesco Russell 1000 Equal Weight ETF Profile
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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