Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL – Get Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as $59.00 and last traded at $59.00, with a volume of 6627 shares. The stock had previously closed at $58.70.
Invesco Russell 1000 Equal Weight ETF Price Performance
The company’s fifty day simple moving average is $56.87 and its two-hundred day simple moving average is $55.16. The stock has a market cap of $808.16 million, a price-to-earnings ratio of 18.07 and a beta of 0.91.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of EQAL. Sykon Capital LLC acquired a new position in Invesco Russell 1000 Equal Weight ETF during the third quarter worth $13,402,000. Bank of America Corp DE grew its stake in shares of Invesco Russell 1000 Equal Weight ETF by 53.9% in the 1st quarter. Bank of America Corp DE now owns 398,926 shares of the company’s stock worth $21,981,000 after acquiring an additional 139,631 shares in the last quarter. Bingham Private Wealth LLC bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 4th quarter worth $2,380,000. Thrivent Financial for Lutherans bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 3rd quarter worth $2,192,000. Finally, Empowered Funds LLC grew its stake in shares of Invesco Russell 1000 Equal Weight ETF by 309.8% in the 1st quarter. Empowered Funds LLC now owns 50,514 shares of the company’s stock worth $2,783,000 after acquiring an additional 38,189 shares in the last quarter.
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.
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