ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Sets New 52-Week High – Here’s What Happened

ALPS Equal Sector Weight ETF (NYSEARCA:EQL)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $46.74 and last traded at $46.75, with a volume of 17472 shares traded. The stock had previously closed at $46.47.

ALPS Equal Sector Weight ETF Stock Performance

The stock has a 50-day moving average of $45.98 and a 200-day moving average of $44.97. The firm has a market cap of $533.29 million, a price-to-earnings ratio of 22.84 and a beta of 0.91.

Institutional Trading of ALPS Equal Sector Weight ETF

A number of institutional investors have recently made changes to their positions in EQL. Bank of America Corp DE boosted its holdings in ALPS Equal Sector Weight ETF by 239.8% during the second quarter. Bank of America Corp DE now owns 1,424,257 shares of the company’s stock worth $62,448,000 after purchasing an additional 1,005,111 shares during the last quarter. Raymond James Financial Inc. increased its stake in ALPS Equal Sector Weight ETF by 205.9% in the 2nd quarter. Raymond James Financial Inc. now owns 922,171 shares of the company’s stock valued at $40,434,000 after buying an additional 620,663 shares during the last quarter. Ameriprise Financial Inc. lifted its position in ALPS Equal Sector Weight ETF by 135.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 397,308 shares of the company’s stock worth $17,426,000 after buying an additional 228,690 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of ALPS Equal Sector Weight ETF by 198.1% during the 2nd quarter. Cetera Investment Advisers now owns 238,109 shares of the company’s stock worth $10,440,000 after buying an additional 158,230 shares during the last quarter. Finally, CWM LLC acquired a new position in shares of ALPS Equal Sector Weight ETF during the 3rd quarter worth about $5,403,000.

About ALPS Equal Sector Weight ETF

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.