Gateway Wealth Partners LLC Buys 35,826 Shares of ALPS Equal Sector Weight ETF $EQL

Gateway Wealth Partners LLC raised its stake in ALPS Equal Sector Weight ETF (NYSEARCA:EQL) by 76.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,814 shares of the company’s stock after acquiring an additional 35,826 shares during the quarter. Gateway Wealth Partners LLC owned about 0.60% of ALPS Equal Sector Weight ETF worth $3,939,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its position in ALPS Equal Sector Weight ETF by 160.6% in the second quarter. Smartleaf Asset Management LLC now owns 1,308 shares of the company’s stock worth $57,000 after purchasing an additional 806 shares during the period. Farther Finance Advisors LLC acquired a new position in ALPS Equal Sector Weight ETF during the 4th quarter valued at about $79,000. Jones Financial Companies Lllp lifted its position in ALPS Equal Sector Weight ETF by 68.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,596 shares of the company’s stock valued at $324,000 after purchasing an additional 1,058 shares during the period. JPMorgan Chase & Co. bought a new position in shares of ALPS Equal Sector Weight ETF in the 2nd quarter valued at about $164,000. Finally, Fifth Third Bancorp bought a new position in shares of ALPS Equal Sector Weight ETF in the 1st quarter valued at about $179,000.

ALPS Equal Sector Weight ETF Price Performance

EQL opened at $50.88 on Tuesday. The firm has a 50 day simple moving average of $50.58 and a 200 day simple moving average of $49.37. ALPS Equal Sector Weight ETF has a fifty-two week low of $43.58 and a fifty-two week high of $51.43. The company has a market cap of $754.04 million, a price-to-earnings ratio of 22.84 and a beta of 0.84.

ALPS Equal Sector Weight ETF Company 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.