Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL – Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 43,273 shares changed hands during trading, an increase of 51% from the previous session’s volume of 28,637 shares.The stock last traded at $49.97 and had previously closed at $50.43.
Invesco Russell 1000 Equal Weight ETF Trading Down 0.4 %
The firm has a market cap of $657.10 million, a price-to-earnings ratio of 16.01 and a beta of 0.95. The stock has a 50-day moving average of $49.87 and a 200-day moving average of $48.45.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. FMR LLC raised its position in Invesco Russell 1000 Equal Weight ETF by 25.1% during the third quarter. FMR LLC now owns 2,266 shares of the company’s stock valued at $110,000 after acquiring an additional 454 shares in the last quarter. Fiduciary Financial Group LLC bought a new position in shares of Invesco Russell 1000 Equal Weight ETF during the 3rd quarter valued at $202,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco Russell 1000 Equal Weight ETF by 31.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,800 shares of the company’s stock valued at $348,000 after purchasing an additional 1,876 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Invesco Russell 1000 Equal Weight ETF in the third quarter worth $386,000. Finally, Orion Portfolio Solutions LLC bought a new position in Invesco Russell 1000 Equal Weight ETF during the third quarter valued at about $477,000.
Invesco Russell 1000 Equal Weight ETF Company Profile
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.
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