Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Sees Large Volume Increase – Here’s What Happened

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) shares saw strong trading volume on Thursday. Approximately 91,626 shares were traded during trading, a decline of 15% from the previous session’s volume of 108,213 shares. The stock last traded at $130.1710 and had previously closed at $130.26.

Invesco S&P 100 Equal Weight ETF Price Performance

The stock has a market capitalization of $2.78 billion, a P/E ratio of 20.16 and a beta of 0.89. The stock’s fifty day moving average is $132.71 and its two-hundred day moving average is $127.53.

Institutional Investors Weigh In On Invesco S&P 100 Equal Weight ETF

Large investors have recently modified their holdings of the stock. LPL Financial LLC grew its holdings in shares of Invesco S&P 100 Equal Weight ETF by 9.7% in the 4th quarter. LPL Financial LLC now owns 1,765,365 shares of the company’s stock worth $208,596,000 after acquiring an additional 156,725 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco S&P 100 Equal Weight ETF by 1.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,069,858 shares of the company’s stock valued at $138,033,000 after purchasing an additional 16,167 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Invesco S&P 100 Equal Weight ETF by 3.4% in the 1st quarter. Cetera Investment Advisers now owns 678,768 shares of the company’s stock valued at $78,221,000 after purchasing an additional 22,443 shares during the period. RFP Financial Group LLC boosted its position in shares of Invesco S&P 100 Equal Weight ETF by 32.0% in the 4th quarter. RFP Financial Group LLC now owns 458,426 shares of the company’s stock valued at $54,167,000 after purchasing an additional 111,115 shares during the period. Finally, Private Advisor Group LLC increased its stake in Invesco S&P 100 Equal Weight ETF by 39.6% in the 1st quarter. Private Advisor Group LLC now owns 260,206 shares of the company’s stock worth $29,986,000 after purchasing an additional 73,797 shares in the last quarter.

About Invesco S&P 100 Equal Weight ETF

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.