ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Sees Strong Trading Volume – Here’s What Happened

Shares of ALPS Equal Sector Weight ETF (NYSEARCA:EQL) saw unusually-high trading volume on Tuesday . Approximately 335,198 shares changed hands during mid-day trading, an increase of 202% from the previous session’s volume of 111,020 shares.The stock last traded at $49.2810 and had previously closed at $49.38.

ALPS Equal Sector Weight ETF Price Performance

The business has a 50-day moving average of $47.69 and a two-hundred day moving average of $46.36. The company has a market cap of $639.60 million, a P/E ratio of 22.84 and a beta of 0.91.

Institutional Investors Weigh In On ALPS Equal Sector Weight ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new stake in ALPS Equal Sector Weight ETF in the third quarter valued at approximately $29,000. BOK Financial Private Wealth Inc. increased its position in shares of ALPS Equal Sector Weight ETF by 200.0% during the second quarter. BOK Financial Private Wealth Inc. now owns 1,200 shares of the company’s stock worth $53,000 after purchasing an additional 800 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of ALPS Equal Sector Weight ETF by 160.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,308 shares of the company’s stock valued at $57,000 after purchasing an additional 806 shares during the last quarter. MAI Capital Management boosted its position in shares of ALPS Equal Sector Weight ETF by 200.0% in the 2nd quarter. MAI Capital Management now owns 1,773 shares of the company’s stock worth $78,000 after purchasing an additional 1,182 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in shares of ALPS Equal Sector Weight ETF in the 4th quarter worth $79,000.

About ALPS Equal Sector Weight ETF

The ALPS Equal Sector Weight ETF (EQL) is an exchange-traded fund that is based on the NYSE Select Sector Equal Weight index. The fund tracks an equal-weighted index of all select sector SPDR ETFs. EQL was launched on Jul 7, 2009 and is managed by ALPS.