Napa Wealth Management Takes $752,000 Position in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)

Napa Wealth Management acquired a new stake in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,349 shares of the company’s stock, valued at approximately $752,000. Napa Wealth Management owned approximately 0.11% of Invesco S&P 100 Equal Weight ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harbour Investments Inc. raised its holdings in shares of Invesco S&P 100 Equal Weight ETF by 2,976.9% in the 4th quarter. Harbour Investments Inc. now owns 400 shares of the company’s stock valued at $41,000 after purchasing an additional 387 shares in the last quarter. Blair William & Co. IL purchased a new position in shares of Invesco S&P 100 Equal Weight ETF in the 4th quarter valued at $41,000. US Bancorp DE grew its position in shares of Invesco S&P 100 Equal Weight ETF by 40.5% in the 4th quarter. US Bancorp DE now owns 684 shares of the company’s stock valued at $70,000 after buying an additional 197 shares during the last quarter. Concourse Financial Group Securities Inc. grew its position in shares of Invesco S&P 100 Equal Weight ETF by 64.1% in the 4th quarter. Concourse Financial Group Securities Inc. now owns 886 shares of the company’s stock valued at $93,000 after buying an additional 346 shares during the last quarter. Finally, Wintrust Investments LLC grew its position in shares of Invesco S&P 100 Equal Weight ETF by 20.0% in the 4th quarter. Wintrust Investments LLC now owns 900 shares of the company’s stock valued at $92,000 after buying an additional 150 shares during the last quarter.

Invesco S&P 100 Equal Weight ETF Price Performance

NYSEARCA EQWL opened at $105.06 on Tuesday. The firm’s fifty day moving average price is $100.47 and its 200 day moving average price is $103.49. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 20.63 and a beta of 0.96. Invesco S&P 100 Equal Weight ETF has a 12 month low of $89.16 and a 12 month high of $108.44.

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.