Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Reaches New 12-Month Low – What’s Next?

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $89.16 and last traded at $89.16, with a volume of 25388 shares changing hands. The stock had previously closed at $93.35.

Invesco S&P 100 Equal Weight ETF Stock Down 0.4 %

The company has a market cap of $1.02 billion, a price-to-earnings ratio of 18.41 and a beta of 0.96. The stock has a 50 day simple moving average of $105.08 and a 200 day simple moving average of $104.29.

Invesco S&P 100 Equal Weight ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.5309 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from Invesco S&P 100 Equal Weight ETF’s previous dividend of $0.48.

Institutional Investors Weigh In On Invesco S&P 100 Equal Weight ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EQWL. Glass Jacobson Investment Advisors llc purchased a new stake in Invesco S&P 100 Equal Weight ETF during the 3rd quarter worth approximately $36,000. Harbour Investments Inc. increased its position in shares of Invesco S&P 100 Equal Weight ETF by 2,976.9% in the 4th quarter. Harbour Investments Inc. now owns 400 shares of the company’s stock worth $41,000 after purchasing an additional 387 shares during the last quarter. Blair William & Co. IL acquired a new stake in shares of Invesco S&P 100 Equal Weight ETF in the 4th quarter valued at about $41,000. Wood Tarver Financial Group LLC acquired a new position in Invesco S&P 100 Equal Weight ETF in the fourth quarter worth about $45,000. Finally, US Bancorp DE raised its stake in Invesco S&P 100 Equal Weight ETF by 40.5% during the fourth quarter. US Bancorp DE now owns 684 shares of the company’s stock valued at $70,000 after buying an additional 197 shares in the last quarter.

Invesco S&P 100 Equal Weight ETF Company 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.