Stifel Financial Corp Sells 25,350 Shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

Stifel Financial Corp lowered its holdings in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 0.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,608,097 shares of the company’s stock after selling 25,350 shares during the period. Stifel Financial Corp owned 0.27% of Invesco Russell 1000 Equal Weight ETF worth $174,271,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EQAL. HighTower Advisors LLC lifted its holdings in Invesco Russell 1000 Equal Weight ETF by 5.8% during the 4th quarter. HighTower Advisors LLC now owns 5,579 shares of the company’s stock worth $269,000 after buying an additional 306 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Invesco Russell 1000 Equal Weight ETF by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 19,219 shares of the company’s stock valued at $979,000 after acquiring an additional 415 shares during the last quarter. FMR LLC boosted its holdings in Invesco Russell 1000 Equal Weight ETF by 25.1% in the third quarter. FMR LLC now owns 2,266 shares of the company’s stock valued at $110,000 after acquiring an additional 454 shares during the last quarter. Davis Investment Partners LLC raised its holdings in Invesco Russell 1000 Equal Weight ETF by 2.2% during the 4th quarter. Davis Investment Partners LLC now owns 37,733 shares of the company’s stock worth $1,809,000 after purchasing an additional 802 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in Invesco Russell 1000 Equal Weight ETF by 249.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,176 shares of the company’s stock valued at $57,000 after purchasing an additional 839 shares during the period.

Invesco Russell 1000 Equal Weight ETF Price Performance

Shares of NYSEARCA:EQAL opened at $43.31 on Tuesday. The company has a 50 day moving average of $46.95 and a 200-day moving average of $48.71. Invesco Russell 1000 Equal Weight ETF has a one year low of $40.85 and a one year high of $52.18. The stock has a market cap of $554.37 million, a price-to-earnings ratio of 16.90 and a beta of 1.06.

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.