ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Hits New 12-Month High – What’s Next?

ALPS Equal Sector Weight ETF (NYSEARCA:EQL)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $50.04 and last traded at $49.93, with a volume of 53111 shares changing hands. The stock had previously closed at $49.99.

ALPS Equal Sector Weight ETF Price Performance

The stock has a market cap of $642.19 million, a price-to-earnings ratio of 22.84 and a beta of 0.91. The business has a fifty day moving average of $48.24 and a 200 day moving average of $46.70.

Institutional Investors Weigh In On ALPS Equal Sector Weight ETF

Several institutional investors and hedge funds have recently modified their holdings of EQL. Gotham Asset Management LLC increased its position in ALPS Equal Sector Weight ETF by 64.3% during the fourth quarter. Gotham Asset Management LLC now owns 12,336 shares of the company’s stock worth $572,000 after buying an additional 4,827 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of ALPS Equal Sector Weight ETF by 3.7% during the 4th quarter. Osaic Holdings Inc. now owns 55,674 shares of the company’s stock valued at $2,583,000 after acquiring an additional 1,994 shares during the last quarter. Royal Bank of Canada raised its stake in shares of ALPS Equal Sector Weight ETF by 11.6% in the 4th quarter. Royal Bank of Canada now owns 53,246 shares of the company’s stock valued at $2,469,000 after acquiring an additional 5,530 shares in the last quarter. Perryman Financial Advisory Inc. AD acquired a new stake in ALPS Equal Sector Weight ETF in the 4th quarter worth approximately $5,606,000. Finally, Kestra Advisory Services LLC boosted its position in ALPS Equal Sector Weight ETF by 4.9% during the fourth quarter. Kestra Advisory Services LLC now owns 22,804 shares of the company’s stock worth $1,058,000 after purchasing an additional 1,056 shares during the period.

ALPS Equal Sector Weight ETF Company Profile

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.