Kingswood Wealth Advisors LLC Reduces Stock Holdings in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)

Kingswood Wealth Advisors LLC reduced its stake in shares of Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) by 9.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,981 shares of the company’s stock after selling 1,569 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Invesco S&P 100 Equal Weight ETF were worth $1,532,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EQWL. Glass Jacobson Investment Advisors llc purchased a new position in shares of Invesco S&P 100 Equal Weight ETF during the third quarter valued at about $36,000. US Bancorp DE purchased a new position in shares of Invesco S&P 100 Equal Weight ETF during the 3rd quarter worth approximately $50,000. Pinnacle Bancorp Inc. bought a new position in shares of Invesco S&P 100 Equal Weight ETF in the 3rd quarter worth approximately $64,000. EP Wealth Advisors LLC purchased a new position in shares of Invesco S&P 100 Equal Weight ETF in the 3rd quarter valued at approximately $153,000. Finally, FMR LLC lifted its stake in shares of Invesco S&P 100 Equal Weight ETF by 25.7% in the 3rd quarter. FMR LLC now owns 1,536 shares of the company’s stock valued at $157,000 after purchasing an additional 314 shares during the period.

Invesco S&P 100 Equal Weight ETF Stock Up 0.6 %

Shares of EQWL stock opened at $107.12 on Tuesday. The business’s fifty day moving average is $104.50 and its 200 day moving average is $101.75. The stock has a market cap of $720.92 million, a price-to-earnings ratio of 22.06 and a beta of 0.83. Invesco S&P 100 Equal Weight ETF has a twelve month low of $88.30 and a twelve month high of $107.90.

Invesco S&P 100 Equal Weight ETF 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.