Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL – Get Free Report)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $58.00 and last traded at $56.8110, with a volume of 334 shares. The stock had previously closed at $56.59.
Invesco Russell 1000 Equal Weight ETF Stock Performance
The firm has a fifty day moving average price of $54.43 and a 200 day moving average price of $52.63. The company has a market cap of $744.84 million, a price-to-earnings ratio of 18.07 and a beta of 1.00.
Institutional Investors Weigh In On Invesco Russell 1000 Equal Weight ETF
Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada lifted its stake in Invesco Russell 1000 Equal Weight ETF by 19.0% in the 4th quarter. Royal Bank of Canada now owns 8,709 shares of the company’s stock valued at $459,000 after purchasing an additional 1,393 shares during the last quarter. Kestra Advisory Services LLC raised its stake in Invesco Russell 1000 Equal Weight ETF by 1.4% in the fourth quarter. Kestra Advisory Services LLC now owns 14,922 shares of the company’s stock valued at $785,000 after buying an additional 201 shares during the period. Arkadios Wealth Advisors lifted its position in shares of Invesco Russell 1000 Equal Weight ETF by 8.4% in the fourth quarter. Arkadios Wealth Advisors now owns 50,865 shares of the company’s stock valued at $2,678,000 after buying an additional 3,923 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Invesco Russell 1000 Equal Weight ETF during the 4th quarter worth approximately $649,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco Russell 1000 Equal Weight ETF by 19.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 16,732 shares of the company’s stock worth $881,000 after acquiring an additional 2,703 shares during the period.
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.
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