Cetera Investment Advisers Trims Stock Holdings in ALPS Equal Sector Weight ETF $EQL

Cetera Investment Advisers reduced its holdings in shares of ALPS Equal Sector Weight ETF (NYSEARCA:EQL) by 8.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 174,009 shares of the company’s stock after selling 16,947 shares during the period. Cetera Investment Advisers owned about 1.25% of ALPS Equal Sector Weight ETF worth $8,276,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Summit Financial Wealth Advisors LLC acquired a new position in ALPS Equal Sector Weight ETF in the fourth quarter worth about $3,169,000. Sherry Group Inc. acquired a new stake in ALPS Equal Sector Weight ETF during the fourth quarter valued at approximately $1,706,000. Perryman Financial Advisory Inc. AD acquired a new stake in ALPS Equal Sector Weight ETF during the fourth quarter valued at approximately $5,606,000. Ascentis Independent Advisors bought a new position in ALPS Equal Sector Weight ETF during the 1st quarter worth approximately $627,000. Finally, Savvy Advisors Inc. bought a new position in ALPS Equal Sector Weight ETF during the 4th quarter worth approximately $357,000.

ALPS Equal Sector Weight ETF Trading Up 0.6%

Shares of EQL opened at $51.08 on Friday. The firm has a market cap of $757.01 million, a price-to-earnings ratio of 22.84 and a beta of 0.84. The stock has a 50 day moving average of $50.63 and a 200-day moving average of $49.46. ALPS Equal Sector Weight ETF has a 52 week low of $43.58 and a 52 week high of $51.43.

ALPS Equal Sector Weight ETF Company Profile

The ALPS Equal Sector Weight ETF (EQL) is an exchange-traded fund that is based on the NYSE Select Sector Equal Weight index. The fund tracks an equal-weighted index of all select sector SPDR ETFs. EQL was launched on Jul 7, 2009 and is managed by ALPS.