Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Reaches New 1-Year High – Should You Buy?

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $108.44 and last traded at $108.24, with a volume of 3988 shares trading hands. The stock had previously closed at $107.86.

Invesco S&P 100 Equal Weight ETF Stock Performance

The company has a 50-day simple moving average of $105.07 and a 200-day simple moving average of $103.63. The stock has a market cap of $1.10 billion, a P/E ratio of 22.10 and a beta of 0.98.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Invesco S&P 100 Equal Weight ETF during the 4th quarter valued at $11,217,000. LPL Financial LLC increased its holdings in shares of Invesco S&P 100 Equal Weight ETF by 15.7% in the fourth quarter. LPL Financial LLC now owns 786,301 shares of the company’s stock worth $80,423,000 after acquiring an additional 106,600 shares in the last quarter. Advisory Services Network LLC increased its stake in Invesco S&P 100 Equal Weight ETF by 958.6% during the 4th quarter. Advisory Services Network LLC now owns 87,483 shares of the company’s stock worth $8,948,000 after purchasing an additional 79,219 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Invesco S&P 100 Equal Weight ETF by 42.6% during the fourth quarter. Ameriprise Financial Inc. now owns 260,725 shares of the company’s stock worth $26,666,000 after acquiring an additional 77,863 shares in the last quarter. Finally, Bond & Devick Financial Network Inc. increased its position in shares of Invesco S&P 100 Equal Weight ETF by 52.5% during the third quarter. Bond & Devick Financial Network Inc. now owns 184,919 shares of the company’s stock worth $18,921,000 after acquiring an additional 63,654 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.