Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Shares Purchased by Prentice Wealth Management LLC

Prentice Wealth Management LLC raised its stake in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) by 4.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,146 shares of the company’s stock after buying an additional 5,396 shares during the period. Invesco S&P 100 Equal Weight ETF accounts for 3.9% of Prentice Wealth Management LLC’s holdings, making the stock its 5th largest holding. Prentice Wealth Management LLC’s holdings in Invesco S&P 100 Equal Weight ETF were worth $11,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Spire Wealth Management bought a new stake in shares of Invesco S&P 100 Equal Weight ETF during the 4th quarter valued at $50,000. Frazier Financial Advisors LLC bought a new position in shares of Invesco S&P 100 Equal Weight ETF in the fourth quarter worth approximately $94,000. J.W. Cole Advisors Inc. purchased a new position in Invesco S&P 100 Equal Weight ETF during the 4th quarter valued at $207,000. PSI Advisors LLC lifted its position in Invesco S&P 100 Equal Weight ETF by 159.4% in the 4th quarter. PSI Advisors LLC now owns 2,436 shares of the company’s stock valued at $213,000 after acquiring an additional 1,497 shares in the last quarter. Finally, FLC Capital Advisors bought a new position in Invesco S&P 100 Equal Weight ETF in the fourth quarter worth approximately $245,000.

Invesco S&P 100 Equal Weight ETF Stock Performance

NYSEARCA EQWL traded down $0.06 on Wednesday, hitting $94.25. 18,823 shares of the stock were exchanged, compared to its average volume of 42,160. The firm has a market capitalization of $634.30 million, a P/E ratio of 22.06 and a beta of 0.83. Invesco S&P 100 Equal Weight ETF has a 52-week low of $74.80 and a 52-week high of $95.40. The stock has a fifty day moving average price of $93.24 and a two-hundred day moving average price of $91.15.

Invesco S&P 100 Equal Weight ETF Company Profile

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.