Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Sees Unusually-High Trading Volume – Here’s Why

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL – Get Free Report) shares saw an uptick in trading volume on Thursday. Approximately 213,513 shares changed hands during trading, an increase of 100% from the previous session’s volume of 106,858 shares. The stock last traded at $128.8390 and had previously closed at $129.05.

Invesco S&P 100 Equal Weight ETF Trading Down 0.2%

The stock has a market cap of $2.78 billion, a PE ratio of 20.16 and a beta of 0.89. The business has a 50 day moving average of $132.69 and a 200-day moving average of $127.08.

Hedge Funds Weigh In On Invesco S&P 100 Equal Weight ETF

A number of institutional investors have recently modified their holdings of EQWL. Sound Income Strategies LLC acquired a new stake in Invesco S&P 100 Equal Weight ETF during the first quarter worth approximately $44,000. EverSource Wealth Advisors LLC acquired a new position in Invesco S&P 100 Equal Weight ETF in the first quarter valued at $87,000. Western Wealth Management LLC purchased a new position in Invesco S&P 100 Equal Weight ETF during the first quarter worth about $171,000. Apella Capital LLC acquired a new stake in Invesco S&P 100 Equal Weight ETF in the 2nd quarter worth about $203,000. Finally, Sigma Planning Corp purchased a new stake in Invesco S&P 100 Equal Weight ETF in the 1st quarter valued at about $219,000.

About Invesco S&P 100 Equal Weight ETF

(Get Free Report)

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.

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