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

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) reached a new 52-week high on Monday . The company traded as high as $130.13 and last traded at $130.08, with a volume of 10883 shares traded. The stock had previously closed at $128.52.

Invesco S&P 100 Equal Weight ETF Stock Up 1.4%

The company has a market cap of $2.64 billion, a PE ratio of 20.16 and a beta of 0.89. The stock’s 50 day moving average is $123.46 and its 200-day moving average is $120.71.

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

Large investors have recently added to or reduced their stakes in the stock. Pittenger & Anderson Inc. acquired a new position in Invesco S&P 100 Equal Weight ETF during the fourth quarter worth $30,000. Sound Income Strategies LLC purchased a new position in Invesco S&P 100 Equal Weight ETF in the 1st quarter valued at $44,000. Wells Fargo & Company MN raised its position in shares of Invesco S&P 100 Equal Weight ETF by 50,100.0% in the fourth quarter. Wells Fargo & Company MN now owns 502 shares of the company’s stock valued at $59,000 after buying an additional 501 shares during the last quarter. Asset Dedication LLC acquired a new stake in shares of Invesco S&P 100 Equal Weight ETF in the third quarter valued at about $69,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in shares of Invesco S&P 100 Equal Weight ETF in the first quarter valued at about $87,000.

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.