NewEdge Advisors LLC Purchases 99,364 Shares of Invesco S&P 100 Equal Weight ETF $EQWL

NewEdge Advisors LLC increased its holdings in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) by 2,526.4% in the first quarter, Holdings Channel reports. The fund owned 103,297 shares of the company’s stock after purchasing an additional 99,364 shares during the quarter. NewEdge Advisors LLC’s holdings in Invesco S&P 100 Equal Weight ETF were worth $11,904,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in Invesco S&P 100 Equal Weight ETF by 16.7% during the 1st quarter. Royal Bank of Canada now owns 46,495 shares of the company’s stock valued at $4,793,000 after purchasing an additional 6,664 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Invesco S&P 100 Equal Weight ETF in the 1st quarter worth approximately $872,000. Jane Street Group LLC lifted its position in shares of Invesco S&P 100 Equal Weight ETF by 6.5% in the 1st quarter. Jane Street Group LLC now owns 7,594 shares of the company’s stock worth $783,000 after purchasing an additional 465 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Invesco S&P 100 Equal Weight ETF by 557.7% during the second quarter. JPMorgan Chase & Co. now owns 31,640 shares of the company’s stock valued at $3,479,000 after purchasing an additional 26,829 shares in the last quarter. Finally, First Trust Advisors LP purchased a new position in Invesco S&P 100 Equal Weight ETF during the second quarter valued at approximately $285,000.

Invesco S&P 100 Equal Weight ETF Stock Up 0.8%

Shares of NYSEARCA:EQWL opened at $133.93 on Friday. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 20.16 and a beta of 0.89. Invesco S&P 100 Equal Weight ETF has a 52 week low of $109.91 and a 52 week high of $133.99. The firm has a 50 day moving average of $129.39 and a 200 day moving average of $123.83.

Invesco S&P 100 Equal Weight ETF 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.