Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Reaches New 1-Year High – Here’s What Happened

Shares of Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) hit a new 52-week high on Thursday . The stock traded as high as $125.62 and last traded at $125.56, with a volume of 22115 shares traded. The stock had previously closed at $124.76.

Invesco S&P 100 Equal Weight ETF Price Performance

The company has a market cap of $2.54 billion, a PE ratio of 20.16 and a beta of 0.89. The company’s 50 day simple moving average is $119.21 and its two-hundred day simple moving average is $119.01.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EQWL. Royal Bank of Canada boosted its stake in shares of Invesco S&P 100 Equal Weight ETF by 16.7% in the first quarter. Royal Bank of Canada now owns 46,495 shares of the company’s stock valued at $4,793,000 after purchasing an additional 6,664 shares during the period. NewEdge Advisors LLC lifted its holdings in Invesco S&P 100 Equal Weight ETF by 20.7% during the 1st quarter. NewEdge Advisors LLC now owns 4,082 shares of the company’s stock worth $421,000 after buying an additional 700 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in Invesco S&P 100 Equal Weight ETF during the 1st quarter worth approximately $872,000. Jane Street Group LLC lifted its holdings in Invesco S&P 100 Equal Weight ETF by 6.5% during the 1st quarter. Jane Street Group LLC now owns 7,594 shares of the company’s stock worth $783,000 after buying an additional 465 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Invesco S&P 100 Equal Weight ETF by 557.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 31,640 shares of the company’s stock worth $3,479,000 after buying an additional 26,829 shares in the last quarter.

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. The Fund invests in sectors, such as consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, telecommunication services and utilities.