Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Sees Large Volume Increase – Here’s What Happened

Shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) saw an uptick in trading volume on Tuesday . 126,256 shares traded hands during mid-day trading, an increase of 375% from the previous session’s volume of 26,568 shares.The stock last traded at $50.52 and had previously closed at $50.94.

Invesco Russell 1000 Equal Weight ETF Trading Down 0.9 %

The business’s fifty day simple moving average is $48.41 and its 200 day simple moving average is $46.51. The stock has a market cap of $666.67 million, a price-to-earnings ratio of 16.01 and a beta of 0.95.

Institutional Investors Weigh In On Invesco Russell 1000 Equal Weight ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in Invesco Russell 1000 Equal Weight ETF by 41.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 13,083 shares of the company’s stock valued at $604,000 after acquiring an additional 3,863 shares during the period. Avantax Advisory Services Inc. bought a new position in Invesco Russell 1000 Equal Weight ETF in the 1st quarter valued at about $844,000. Wintrust Investments LLC raised its holdings in Invesco Russell 1000 Equal Weight ETF by 28.2% in the 1st quarter. Wintrust Investments LLC now owns 52,960 shares of the company’s stock valued at $2,446,000 after acquiring an additional 11,635 shares during the period. Geneos Wealth Management Inc. raised its holdings in Invesco Russell 1000 Equal Weight ETF by 26.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 54,468 shares of the company’s stock valued at $2,432,000 after acquiring an additional 11,524 shares during the period. Finally, Capital Advisors Ltd. LLC grew its position in shares of Invesco Russell 1000 Equal Weight ETF by 0.9% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 47,295 shares of the company’s stock worth $2,112,000 after purchasing an additional 425 shares in the last quarter.

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.