Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Sets New 12-Month High – Should You Buy?

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $124.99 and last traded at $124.75, with a volume of 114275 shares traded. The stock had previously closed at $123.09.

Invesco S&P 100 Equal Weight ETF Stock Up 1.3%

The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 20.16 and a beta of 0.89. The stock has a 50-day moving average price of $118.95 and a 200 day moving average price of $118.70.

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

A number of institutional investors and hedge funds have recently made changes to their positions in EQWL. Pittenger & Anderson Inc. acquired a new position in shares of Invesco S&P 100 Equal Weight ETF during the fourth quarter worth about $30,000. Cornerstone Planning Group LLC acquired a new position in shares of Invesco S&P 100 Equal Weight ETF during the 3rd quarter worth about $32,000. Sound Income Strategies LLC acquired a new position in shares of Invesco S&P 100 Equal Weight ETF during the 1st quarter worth about $44,000. Wells Fargo & Company MN increased its holdings in shares of Invesco S&P 100 Equal Weight ETF by 50,100.0% in the 4th quarter. Wells Fargo & Company MN now owns 502 shares of the company’s stock valued at $59,000 after acquiring an additional 501 shares during the last quarter. Finally, United Community Bank purchased a new position in shares of Invesco S&P 100 Equal Weight ETF in the 3rd quarter valued at about $64,000.

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.