SFE Investment Counsel Purchases New Holdings in Invesco Russell 1000 Equal Weight ETF $EQAL

SFE Investment Counsel purchased a new stake in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 26,404 shares of the company’s stock, valued at approximately $1,512,000.

A number of other large investors have also added to or reduced their stakes in EQAL. Ulrich Consultants & Investment Group LLC bought a new position in Invesco Russell 1000 Equal Weight ETF during the 3rd quarter worth $756,000. Breakwater Capital Group raised its holdings in Invesco Russell 1000 Equal Weight ETF by 5.9% in the 3rd quarter. Breakwater Capital Group now owns 19,637 shares of the company’s stock valued at $1,125,000 after acquiring an additional 1,099 shares in the last quarter. Diversified Management Inc. bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the 3rd quarter valued at $1,085,000. Envestnet Asset Management Inc. lifted its position in shares of Invesco Russell 1000 Equal Weight ETF by 8.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 45,280 shares of the company’s stock valued at $2,683,000 after acquiring an additional 3,421 shares during the period. Finally, Lunt Capital Management Inc. lifted its position in shares of Invesco Russell 1000 Equal Weight ETF by 3.6% during the 2nd quarter. Lunt Capital Management Inc. now owns 48,007 shares of the company’s stock valued at $2,845,000 after acquiring an additional 1,684 shares during the period.

Invesco Russell 1000 Equal Weight ETF Stock Performance

EQAL opened at $59.17 on Friday. The firm has a market cap of $821.28 million, a P/E ratio of 18.07 and a beta of 0.91. Invesco Russell 1000 Equal Weight ETF has a 52-week low of $49.86 and a 52-week high of $62.03. The business’s fifty day moving average is $59.30 and its 200-day moving average is $58.05.

About Invesco Russell 1000 Equal Weight ETF

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.