Merit Financial Group LLC Takes $2.40 Million Position in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)

Merit Financial Group LLC acquired a new position in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 27,453 shares of the company’s stock, valued at approximately $2,404,000. Merit Financial Group LLC owned approximately 0.78% of Invesco S&P 100 Equal Weight ETF at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EQWL. Fiduciary Planning LLC lifted its holdings in Invesco S&P 100 Equal Weight ETF by 222.4% in the fourth quarter. Fiduciary Planning LLC now owns 281,710 shares of the company’s stock worth $24,667,000 after purchasing an additional 194,321 shares during the period. LPL Financial LLC raised its holdings in Invesco S&P 100 Equal Weight ETF by 53.7% during the third quarter. LPL Financial LLC now owns 443,791 shares of the company’s stock worth $34,864,000 after purchasing an additional 155,023 shares in the last quarter. Aptus Capital Advisors LLC acquired a new stake in Invesco S&P 100 Equal Weight ETF in the third quarter worth approximately $6,565,000. Sanders Morris Harris LLC bought a new position in Invesco S&P 100 Equal Weight ETF during the 4th quarter valued at $4,127,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Invesco S&P 100 Equal Weight ETF by 96.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 64,665 shares of the company’s stock valued at $5,080,000 after purchasing an additional 31,811 shares during the period.

Invesco S&P 100 Equal Weight ETF Price Performance

Shares of EQWL traded up $0.63 during midday trading on Friday, reaching $91.94. The stock had a trading volume of 38,619 shares, compared to its average volume of 44,744. The firm’s 50 day moving average price is $92.41 and its 200-day moving average price is $87.49. The company has a market capitalization of $618.76 million, a P/E ratio of 21.70 and a beta of 0.86. Invesco S&P 100 Equal Weight ETF has a 52 week low of $74.80 and a 52 week high of $95.23.

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.