Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Trading Up 0.6% – Here’s What Happened

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)’s share price traded up 0.6% during trading on Thursday . The company traded as high as $59.42 and last traded at $59.38. 38,652 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 57,204 shares. The stock had previously closed at $59.01.

Invesco Russell 1000 Equal Weight ETF Trading Down 0.6%

The firm has a market cap of $808.85 million, a price-to-earnings ratio of 18.07 and a beta of 0.90. The business’s 50-day simple moving average is $58.63 and its two-hundred day simple moving average is $56.85.

Hedge Funds Weigh In On Invesco Russell 1000 Equal Weight ETF

A number of hedge funds have recently bought and sold shares of the company. Bingham Private Wealth LLC acquired a new position in Invesco Russell 1000 Equal Weight ETF in the fourth quarter valued at approximately $2,380,000. Clark Asset Management LLC bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 4th quarter valued at $1,273,000. UBS Group AG lifted its position in shares of Invesco Russell 1000 Equal Weight ETF by 38.4% during 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 period. Carroll Advisory Group LLC bought a new position in Invesco Russell 1000 Equal Weight ETF during the fourth quarter worth $1,620,000. Finally, Geneos Wealth Management Inc. grew its holdings in Invesco Russell 1000 Equal Weight ETF by 24.9% in the first quarter. Geneos Wealth Management Inc. now owns 104,087 shares of the company’s stock worth $5,735,000 after purchasing an additional 20,722 shares during the period.

Invesco Russell 1000 Equal Weight ETF Company 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.