Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Hits New 12-Month High – Here’s Why

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) reached a new 52-week high during trading on Monday . The stock traded as high as $134.12 and last traded at $134.12, with a volume of 12585 shares changing hands. The stock had previously closed at $133.93.

Invesco S&P 100 Equal Weight ETF Price Performance

The business’s 50-day simple moving average is $129.62 and its two-hundred day simple moving average is $124.06. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 20.16 and a beta of 0.89.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC increased its holdings in Invesco S&P 100 Equal Weight ETF by 9.7% in the 4th quarter. LPL Financial LLC now owns 1,765,365 shares of the company’s stock valued at $208,596,000 after purchasing an additional 156,725 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Invesco S&P 100 Equal Weight ETF by 3.4% in the first quarter. Cetera Investment Advisers now owns 678,768 shares of the company’s stock worth $78,221,000 after buying an additional 22,443 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Invesco S&P 100 Equal Weight ETF by 7.0% in the third quarter. Ameriprise Financial Inc. now owns 475,654 shares of the company’s stock worth $54,603,000 after buying an additional 31,244 shares during the period. RFP Financial Group LLC grew its stake in shares of Invesco S&P 100 Equal Weight ETF by 32.0% in the fourth quarter. RFP Financial Group LLC now owns 458,426 shares of the company’s stock valued at $54,167,000 after buying an additional 111,115 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of Invesco S&P 100 Equal Weight ETF by 5.4% in the fourth quarter. Osaic Holdings Inc. now owns 292,006 shares of the company’s stock valued at $34,508,000 after buying an additional 15,038 shares in the last quarter.

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.