Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Hits New 1-Year Low – What’s Next?

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $43.18 and last traded at $42.99, with a volume of 21693 shares. The stock had previously closed at $45.37.

Invesco Russell 1000 Equal Weight ETF Stock Down 5.8 %

The stock’s 50-day moving average price is $48.61 and its 200 day moving average price is $49.15. The firm has a market capitalization of $547.33 million, a price-to-earnings ratio of 16.90 and a beta of 1.06.

Invesco Russell 1000 Equal Weight ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco Russell 1000 Equal Weight ETF

A number of large investors have recently made changes to their positions in EQAL. HighTower Advisors LLC increased its position in Invesco Russell 1000 Equal Weight ETF by 5.8% during the fourth quarter. HighTower Advisors LLC now owns 5,579 shares of the company’s stock worth $269,000 after purchasing an additional 306 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 19,219 shares of the company’s stock worth $979,000 after buying an additional 415 shares during the last quarter. FMR LLC raised its position in shares of Invesco Russell 1000 Equal Weight ETF by 25.1% during the 3rd quarter. FMR LLC now owns 2,266 shares of the company’s stock valued at $110,000 after buying an additional 454 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Invesco Russell 1000 Equal Weight ETF by 10.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 16,774 shares of the company’s stock valued at $810,000 after acquiring an additional 1,585 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in Invesco Russell 1000 Equal Weight ETF in the fourth quarter worth approximately $5,398,000.

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.