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

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $123.62 and last traded at $123.32, with a volume of 12546 shares changing hands. The stock had previously closed at $123.16.

Invesco S&P 100 Equal Weight ETF Price Performance

The firm has a 50 day simple moving average of $118.85 and a 200-day simple moving average of $118.51. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 20.16 and a beta of 0.90.

Institutional Investors Weigh In On Invesco S&P 100 Equal Weight ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC increased its stake in Invesco S&P 100 Equal Weight ETF by 9.7% during the fourth quarter. LPL Financial LLC now owns 1,765,365 shares of the company’s stock worth $208,596,000 after acquiring an additional 156,725 shares during the last quarter. Cetera Investment Advisers increased its stake in Invesco S&P 100 Equal Weight ETF by 5.7% during the fourth quarter. Cetera Investment Advisers now owns 656,325 shares of the company’s stock worth $77,551,000 after acquiring an additional 35,458 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Invesco S&P 100 Equal Weight ETF by 7.0% during the third quarter. Ameriprise Financial Inc. now owns 475,654 shares of the company’s stock worth $54,603,000 after acquiring an additional 31,244 shares during the last quarter. RFP Financial Group LLC increased its stake in Invesco S&P 100 Equal Weight ETF by 32.0% during the fourth quarter. RFP Financial Group LLC now owns 458,426 shares of the company’s stock worth $54,167,000 after acquiring an additional 111,115 shares during the last quarter. Finally, Bond & Devick Financial Network Inc. increased its stake in Invesco S&P 100 Equal Weight ETF by 4.2% during the fourth quarter. Bond & Devick Financial Network Inc. now owns 311,977 shares of the company’s stock worth $36,863,000 after acquiring an additional 12,652 shares during 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.