Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Hits New 1-Year High – What’s Next?

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $50.00 and last traded at $50.00, with a volume of 233 shares changing hands. The stock had previously closed at $48.92.

Invesco Russell 1000 Equal Weight ETF Price Performance

The business has a 50-day moving average of $48.35 and a 200 day moving average of $46.43. The company has a market cap of $667.02 million, a PE ratio of 16.01 and a beta of 0.95.

Institutional Trading of Invesco Russell 1000 Equal Weight ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of EQAL. Avantax Advisory Services Inc. purchased a new stake in Invesco Russell 1000 Equal Weight ETF in the first quarter worth about $844,000. Thrivent Financial for Lutherans purchased a new stake in Invesco Russell 1000 Equal Weight ETF in the second quarter worth about $773,000. Confluence Wealth Services Inc. increased its position in Invesco Russell 1000 Equal Weight ETF by 288.0% in 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 increased its position in Invesco Russell 1000 Equal Weight ETF by 28.2% in 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. increased its position in 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 worth $2,432,000 after buying an additional 11,524 shares in 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.