ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Sets New 12-Month High – Here’s Why

ALPS Equal Sector Weight ETF (NYSEARCA:EQLGet Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $48.06 and last traded at $48.0250, with a volume of 29546 shares trading hands. The stock had previously closed at $47.79.

ALPS Equal Sector Weight ETF Trading Up 0.2%

The firm’s 50 day moving average price is $46.59 and its 200-day moving average price is $45.75. The company has a market cap of $617.65 million, a P/E ratio of 22.84 and a beta of 0.91.

Institutional Trading of ALPS Equal Sector Weight ETF

Several institutional investors and hedge funds have recently made changes to their positions in EQL. Cullen Frost Bankers Inc. acquired a new stake in shares of ALPS Equal Sector Weight ETF during the third quarter worth about $29,000. Blue Trust Inc. acquired a new stake in ALPS Equal Sector Weight ETF during the 2nd quarter worth approximately $38,000. BOK Financial Private Wealth Inc. raised its holdings in ALPS Equal Sector Weight ETF by 200.0% during the 2nd quarter. BOK Financial Private Wealth Inc. now owns 1,200 shares of the company’s stock worth $53,000 after buying an additional 800 shares during the period. Smartleaf Asset Management LLC lifted its stake in ALPS Equal Sector Weight ETF by 160.6% in the second quarter. Smartleaf Asset Management LLC now owns 1,308 shares of the company’s stock valued at $57,000 after buying an additional 806 shares in the last quarter. Finally, MAI Capital Management lifted its stake in ALPS Equal Sector Weight ETF by 200.0% in the second quarter. MAI Capital Management now owns 1,773 shares of the company’s stock valued at $78,000 after buying an additional 1,182 shares in the last quarter.

About ALPS Equal Sector Weight ETF

(Get Free Report)

The ALPS Equal Sector Weight ETF (EQL) is an exchange-traded fund that is based on the NYSE Select Sector Equal Weight index. The fund tracks an equal-weighted index of all select sector SPDR ETFs. EQL was launched on Jul 7, 2009 and is managed by ALPS.

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