Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL – Get Free Report)’s stock price dropped 1.2% during mid-day trading on Wednesday . The company traded as low as $59.96 and last traded at $59.97. Approximately 29,460 shares changed hands during trading, a decline of 42% from the average daily volume of 50,683 shares. The stock had previously closed at $60.67.
Invesco Russell 1000 Equal Weight ETF Stock Performance
The business has a fifty day simple moving average of $60.29 and a 200 day simple moving average of $58.39. The stock has a market capitalization of $823.21 million, a price-to-earnings ratio of 18.07 and a beta of 0.90.
Institutional Trading of Invesco Russell 1000 Equal Weight ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Sykon Capital LLC purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF during the third quarter valued at approximately $13,402,000. Bank of America Corp DE boosted its holdings in Invesco Russell 1000 Equal Weight ETF by 53.9% during the 1st quarter. Bank of America Corp DE now owns 398,926 shares of the company’s stock worth $21,981,000 after acquiring an additional 139,631 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Invesco Russell 1000 Equal Weight ETF by 309.8% in the 1st quarter. Empowered Funds LLC now owns 50,514 shares of the company’s stock worth $2,783,000 after acquiring an additional 38,189 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 1st quarter worth $1,856,000. Finally, Carroll Advisory Group LLC purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the fourth quarter valued at about $1,620,000.
About Invesco Russell 1000 Equal Weight ETF
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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