Steele Capital Management Inc. Reduces Holdings in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)

Steele Capital Management Inc. decreased its position in shares of Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) by 7.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,991 shares of the company’s stock after selling 1,547 shares during the period. Steele Capital Management Inc. owned about 0.51% of Invesco S&P 100 Equal Weight ETF worth $1,707,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQWL. Spire Wealth Management purchased a new stake in Invesco S&P 100 Equal Weight ETF during the 4th quarter worth $50,000. Frazier Financial Advisors LLC purchased a new stake in Invesco S&P 100 Equal Weight ETF during the 4th quarter worth $94,000. J.W. Cole Advisors Inc. purchased a new stake in Invesco S&P 100 Equal Weight ETF during the 4th quarter worth $207,000. PSI Advisors LLC increased its stake in Invesco S&P 100 Equal Weight ETF by 159.4% during the 4th quarter. PSI Advisors LLC now owns 2,436 shares of the company’s stock worth $213,000 after buying an additional 1,497 shares during the period. Finally, FLC Capital Advisors purchased a new stake in Invesco S&P 100 Equal Weight ETF during the 4th quarter worth $245,000.

Invesco S&P 100 Equal Weight ETF Trading Down 0.3 %

EQWL stock traded down $0.31 during mid-day trading on Monday, hitting $94.19. 31,950 shares of the company were exchanged, compared to its average volume of 42,398. The company has a market capitalization of $633.90 million, a PE ratio of 22.06 and a beta of 0.83. The firm has a fifty day simple moving average of $93.55 and a 200 day simple moving average of $91.40. Invesco S&P 100 Equal Weight ETF has a twelve month low of $74.80 and a twelve month high of $95.40.

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.