Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Reaches New 1-Year High – Here’s What Happened

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $61.05 and last traded at $60.93, with a volume of 2489 shares changing hands. The stock had previously closed at $61.00.

Invesco Russell 1000 Equal Weight ETF Stock Up 0.3%

The firm has a market capitalization of $843.56 million, a P/E ratio of 18.07 and a beta of 0.90. The stock has a fifty day moving average of $59.27 and a 200-day moving average of $57.61.

Hedge Funds Weigh In On Invesco Russell 1000 Equal Weight ETF

Large investors have recently bought and sold shares of the company. Sykon Capital LLC acquired a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the third quarter valued at approximately $13,402,000. Bank of America Corp DE boosted its holdings in Invesco Russell 1000 Equal Weight ETF by 53.9% during the first quarter. Bank of America Corp DE now owns 398,926 shares of the company’s stock worth $21,981,000 after purchasing an additional 139,631 shares during the last quarter. Bingham Private Wealth LLC acquired a new position in Invesco Russell 1000 Equal Weight ETF during the fourth quarter worth $2,380,000. Empowered Funds LLC grew its position in Invesco Russell 1000 Equal Weight ETF by 309.8% in the first quarter. Empowered Funds LLC now owns 50,514 shares of the company’s stock valued at $2,783,000 after purchasing an additional 38,189 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Invesco Russell 1000 Equal Weight ETF in the first quarter valued at $1,856,000.

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.