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 strong trading volume on Tuesday . 27,528 shares changed hands during trading, a decline of 2% from the previous session’s volume of 28,028 shares.The stock last traded at $46.87 and had previously closed at $47.26.

Invesco Russell 1000 Equal Weight ETF Stock Performance

The firm has a market cap of $609.73 million, a P/E ratio of 18.50 and a beta of 1.12. The business’s 50-day simple moving average is $48.97 and its 200 day simple moving average is $49.22.

Invesco Russell 1000 Equal Weight ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a $0.2251 dividend. This is a boost from Invesco Russell 1000 Equal Weight ETF’s previous dividend of $0.17. The ex-dividend date was Monday, March 24th.

Hedge Funds Weigh In On Invesco Russell 1000 Equal Weight ETF

Institutional investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans boosted its stake in shares of Invesco Russell 1000 Equal Weight ETF by 8.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 18,804 shares of the company’s stock worth $915,000 after acquiring an additional 1,498 shares during the last quarter. FMR LLC lifted its holdings 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 purchasing an additional 454 shares in the last quarter. Orion Portfolio Solutions LLC bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the 3rd quarter valued at $477,000. Davis Investment Partners LLC lifted its stake in shares of Invesco Russell 1000 Equal Weight ETF by 2.2% during the 4th quarter. Davis Investment Partners LLC now owns 37,733 shares of the company’s stock valued at $1,809,000 after buying an additional 802 shares in the last quarter. Finally, Miracle Mile Advisors LLC bought a new position in Invesco Russell 1000 Equal Weight ETF in the 4th quarter worth $4,143,000.

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.