Friedenthal Financial Has $1.61 Million Stock Holdings in Invesco Russell 1000 Equal Weight ETF $EQAL

Friedenthal Financial decreased its stake in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 41.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,319 shares of the company’s stock after selling 20,774 shares during the period. Invesco Russell 1000 Equal Weight ETF comprises about 0.8% of Friedenthal Financial’s holdings, making the stock its 29th largest holding. Friedenthal Financial owned about 0.21% of Invesco Russell 1000 Equal Weight ETF worth $1,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Sykon Capital LLC bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the third quarter worth $13,402,000. Geneos Wealth Management Inc. increased its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 4.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 83,365 shares of the company’s stock worth $4,388,000 after buying an additional 3,881 shares in the last quarter. UBS Group AG lifted its stake in shares of Invesco Russell 1000 Equal Weight ETF by 38.4% in the 4th quarter. UBS Group AG now owns 77,545 shares of the company’s stock valued at $4,082,000 after acquiring an additional 21,498 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in shares of Invesco Russell 1000 Equal Weight ETF by 8.4% in the 4th quarter. Arkadios Wealth Advisors now owns 50,865 shares of the company’s stock valued at $2,678,000 after acquiring an additional 3,923 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 3.4% during the 4th quarter. Capital Advisors Ltd. LLC now owns 48,534 shares of the company’s stock valued at $2,555,000 after acquiring an additional 1,577 shares in the last quarter.

Invesco Russell 1000 Equal Weight ETF Stock Up 0.3%

NYSEARCA EQAL opened at $58.32 on Thursday. The company has a market cap of $798.98 million, a price-to-earnings ratio of 18.07 and a beta of 0.90. Invesco Russell 1000 Equal Weight ETF has a twelve month low of $48.46 and a twelve month high of $59.98. The business’s fifty day moving average is $58.18 and its 200 day moving average is $56.14.

Invesco Russell 1000 Equal Weight ETF 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.