Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $62.03 and last traded at $62.03, with a volume of 3601 shares traded. The stock had previously closed at $61.10.
Invesco Russell 1000 Equal Weight ETF Stock Up 1.2%
The stock has a market cap of $850.58 million, a PE ratio of 18.07 and a beta of 0.90. The firm has a fifty day moving average of $59.52 and a 200 day moving average of $57.79.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Sykon Capital LLC acquired a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the third quarter worth about $13,402,000. Bank of America Corp DE grew its stake in Invesco Russell 1000 Equal Weight ETF by 53.9% during the 1st quarter. Bank of America Corp DE now owns 398,926 shares of the company’s stock worth $21,981,000 after buying an additional 139,631 shares during the last quarter. Empowered Funds LLC grew its stake in Invesco Russell 1000 Equal Weight ETF by 309.8% during the 1st quarter. Empowered Funds LLC now owns 50,514 shares of the company’s stock worth $2,783,000 after buying an additional 38,189 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Invesco Russell 1000 Equal Weight ETF during the first quarter worth approximately $1,856,000. Finally, Carroll Advisory Group LLC acquired a new position in Invesco Russell 1000 Equal Weight ETF during the fourth quarter worth approximately $1,620,000.
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.
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