Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Sets New 12-Month High – Here’s Why

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)’s share price hit a new 52-week high on Monday . The company traded as high as $108.44 and last traded at $108.24, with a volume of 3988 shares changing hands. The stock had previously closed at $107.86.

Invesco S&P 100 Equal Weight ETF Stock Up 1.1 %

The stock has a fifty day moving average of $105.18 and a two-hundred day moving average of $103.74. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 22.10 and a beta of 0.98.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EQWL. Glass Jacobson Investment Advisors llc purchased a new stake in shares of Invesco S&P 100 Equal Weight ETF in the third quarter worth about $36,000. Harbour Investments Inc. lifted its position in Invesco S&P 100 Equal Weight ETF by 2,976.9% during the 4th quarter. Harbour Investments Inc. now owns 400 shares of the company’s stock worth $41,000 after acquiring an additional 387 shares in the last quarter. Blair William & Co. IL purchased a new position in Invesco S&P 100 Equal Weight ETF in the 4th quarter worth approximately $41,000. US Bancorp DE purchased a new position in Invesco S&P 100 Equal Weight ETF in the 3rd quarter worth approximately $50,000. Finally, Wintrust Investments LLC grew its position in Invesco S&P 100 Equal Weight ETF by 20.0% in the fourth quarter. Wintrust Investments LLC now owns 900 shares of the company’s stock valued at $92,000 after acquiring an additional 150 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.