Raymond James Financial Inc. Takes Position in ALPS Equal Sector Weight ETF (NYSEARCA:EQL)

Raymond James Financial Inc. purchased a new stake in shares of ALPS Equal Sector Weight ETF (NYSEARCA:EQL) during the 4th quarter, Holdings Channel reports. The fund purchased 281,972 shares of the company’s stock, valued at approximately $35,317,000. Raymond James Financial Inc. owned about 0.10% of ALPS Equal Sector Weight ETF at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position in ALPS Equal Sector Weight ETF by 36.2% in the fourth quarter. Jones Financial Companies Lllp now owns 1,538 shares of the company’s stock worth $193,000 after purchasing an additional 409 shares during the period. Stratos Wealth Partners LTD. grew its position in shares of ALPS Equal Sector Weight ETF by 3.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 12,617 shares of the company’s stock worth $1,580,000 after buying an additional 432 shares during the period. Smith Moore & CO. grew its position in shares of ALPS Equal Sector Weight ETF by 4.4% during the 4th quarter. Smith Moore & CO. now owns 10,650 shares of the company’s stock worth $1,334,000 after buying an additional 450 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of ALPS Equal Sector Weight ETF by 7.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,620 shares of the company’s stock worth $1,455,000 after buying an additional 757 shares during the last quarter. Finally, Corient Private Wealth LLC acquired a new position in ALPS Equal Sector Weight ETF in the fourth quarter valued at approximately $272,000.

ALPS Equal Sector Weight ETF Stock Performance

EQL opened at $39.41 on Thursday. The company has a fifty day moving average price of $41.84 and a two-hundred day moving average price of $42.51. The firm has a market capitalization of $462.28 million, a PE ratio of 6.89 and a beta of 0.94. ALPS Equal Sector Weight ETF has a 52 week low of $36.66 and a 52 week high of $44.49.

ALPS Equal Sector Weight ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were given a $0.1691 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

About ALPS Equal Sector Weight ETF

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.