Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) saw unusually-strong trading volume on Monday . Approximately 146,063 shares were traded during mid-day trading, an increase of 119% from the previous session’s volume of 66,587 shares.The stock last traded at $107.32 and had previously closed at $106.88.

Invesco S&P 100 Equal Weight ETF Trading Up 0.0 %

The stock’s 50 day moving average is $104.71 and its 200-day moving average is $103.22. The company has a market cap of $719.57 million, a P/E ratio of 22.06 and a beta of 0.83.

Institutional Trading of Invesco S&P 100 Equal Weight ETF

Institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in Invesco S&P 100 Equal Weight ETF in the fourth quarter worth approximately $11,217,000. LPL Financial LLC raised its holdings in Invesco S&P 100 Equal Weight ETF by 15.7% in the 4th quarter. LPL Financial LLC now owns 786,301 shares of the company’s stock worth $80,423,000 after purchasing an additional 106,600 shares during the period. Advisory Services Network LLC lifted its position in Invesco S&P 100 Equal Weight ETF by 958.6% during the fourth quarter. Advisory Services Network LLC now owns 87,483 shares of the company’s stock valued at $8,948,000 after purchasing an additional 79,219 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Invesco S&P 100 Equal Weight ETF by 42.6% during the fourth quarter. Ameriprise Financial Inc. now owns 260,725 shares of the company’s stock valued at $26,666,000 after purchasing an additional 77,863 shares during the period. Finally, Bond & Devick Financial Network Inc. increased its position in Invesco S&P 100 Equal Weight ETF by 52.5% in the third quarter. Bond & Devick Financial Network Inc. now owns 184,919 shares of the company’s stock worth $18,921,000 after buying an additional 63,654 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.