Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Hits New 12-Month High – Here’s What Happened

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) hit a new 52-week high during trading on Friday . The stock traded as high as $48.97 and last traded at $48.97, with a volume of 2859 shares. The stock had previously closed at $48.45.

Invesco Russell 1000 Equal Weight ETF Stock Up 1.1 %

The company has a market capitalization of $646.40 million, a price-to-earnings ratio of 16.01 and a beta of 0.95. The stock’s 50-day simple moving average is $47.19 and its two-hundred day simple moving average is $45.85.

Institutional Investors Weigh In On Invesco Russell 1000 Equal Weight ETF

Several institutional investors have recently bought and sold shares of the company. Avantax Advisory Services Inc. acquired a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the first quarter worth approximately $844,000. Thrivent Financial for Lutherans acquired a new stake in Invesco Russell 1000 Equal Weight ETF during the 2nd quarter worth $773,000. Confluence Wealth Services Inc. grew its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 288.0% during the second quarter. Confluence Wealth Services Inc. now owns 19,429 shares of the company’s stock worth $867,000 after buying an additional 14,422 shares in the last quarter. Wintrust Investments LLC grew its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 28.2% during the first quarter. Wintrust Investments LLC now owns 52,960 shares of the company’s stock worth $2,446,000 after buying an additional 11,635 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Invesco Russell 1000 Equal Weight ETF by 26.8% in the second quarter. Geneos Wealth Management Inc. now owns 54,468 shares of the company’s stock valued at $2,432,000 after buying an additional 11,524 shares during the last quarter.

Invesco Russell 1000 Equal Weight ETF Company Profile

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.