Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Sees Strong Trading Volume – What’s Next?

Shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) saw unusually-strong trading volume on Thursday . Approximately 225,772 shares traded hands during mid-day trading, an increase of 216% from the previous session’s volume of 71,558 shares.The stock last traded at $55.05 and had previously closed at $55.10.

Invesco Russell 1000 Equal Weight ETF Price Performance

The firm has a market cap of $716.45 million, a price-to-earnings ratio of 18.07 and a beta of 1.00. The business has a 50-day moving average of $55.84 and a 200-day moving average of $53.46.

Institutional Investors Weigh In On Invesco Russell 1000 Equal Weight ETF

Several large investors have recently made changes to their positions in EQAL. Sykon Capital LLC bought a new position in shares of Invesco Russell 1000 Equal Weight ETF in the third quarter valued at $13,402,000. Bingham Private Wealth LLC acquired a new stake in Invesco Russell 1000 Equal Weight ETF in the fourth quarter valued at $2,380,000. Thrivent Financial for Lutherans bought a new position in shares of Invesco Russell 1000 Equal Weight ETF in the 3rd quarter valued at about $2,192,000. Carroll Advisory Group LLC acquired a new position in shares of Invesco Russell 1000 Equal Weight ETF during the 4th quarter worth about $1,620,000. Finally, Clark Asset Management LLC bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 4th quarter valued at about $1,273,000.

About Invesco Russell 1000 Equal Weight ETF

The Invesco Russell 1000 Equal Weight ETF (EQAL) is an exchange-traded fund that is based on the Russell 1000 Equal Weight index. The fund tracks an index of the 1,000 largest US stocks. Each sector receives equal weight, and each stock within a sector receives equal weight. EQAL was launched on Dec 23, 2014 and is managed by Invesco.