Davis Investment Partners LLC Increases Position in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

Davis Investment Partners LLC increased its position in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 2.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 37,733 shares of the company’s stock after acquiring an additional 802 shares during the period. Invesco Russell 1000 Equal Weight ETF accounts for about 0.8% of Davis Investment Partners LLC’s holdings, making the stock its 23rd largest position. Davis Investment Partners LLC’s holdings in Invesco Russell 1000 Equal Weight ETF were worth $1,809,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Invesco Russell 1000 Equal Weight ETF by 25.1% during the third quarter. FMR LLC now owns 2,266 shares of the company’s stock worth $110,000 after purchasing an additional 454 shares in the last quarter. Goodman Advisory Group LLC acquired a new position in Invesco Russell 1000 Equal Weight ETF during the 2nd quarter worth $34,000. Thrivent Financial for Lutherans lifted its stake in Invesco Russell 1000 Equal Weight ETF by 8.7% in the third quarter. Thrivent Financial for Lutherans now owns 18,804 shares of the company’s stock worth $915,000 after acquiring an additional 1,498 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Invesco Russell 1000 Equal Weight ETF by 12.8% during the third quarter. Janney Montgomery Scott LLC now owns 15,189 shares of the company’s stock worth $739,000 after purchasing an additional 1,720 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco Russell 1000 Equal Weight ETF by 31.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,800 shares of the company’s stock worth $348,000 after acquiring an additional 1,876 shares in the last quarter.

Invesco Russell 1000 Equal Weight ETF Price Performance

Shares of Invesco Russell 1000 Equal Weight ETF stock traded up $0.41 during trading hours on Monday, hitting $48.35. The company had a trading volume of 50,005 shares, compared to its average volume of 30,164. The company’s 50-day moving average is $49.91 and its two-hundred day moving average is $48.02. The company has a market cap of $638.22 million, a P/E ratio of 16.01 and a beta of 0.95. Invesco Russell 1000 Equal Weight ETF has a twelve month low of $42.28 and a twelve month high of $52.18.

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.