Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Hits New 52-Week High – Still a Buy?

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $127.55 and last traded at $127.38, with a volume of 40861 shares changing hands. The stock had previously closed at $126.74.

Invesco S&P 100 Equal Weight ETF Trading Up 0.5%

The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 20.16 and a beta of 0.89. The stock’s 50 day moving average is $120.68 and its 200 day moving average is $119.76.

Institutional Investors Weigh In On Invesco S&P 100 Equal Weight ETF

Hedge funds have recently bought and sold shares of the stock. Bond & Devick Financial Network Inc. lifted its position in Invesco S&P 100 Equal Weight ETF by 4.2% during the fourth quarter. Bond & Devick Financial Network Inc. now owns 311,977 shares of the company’s stock worth $36,863,000 after acquiring an additional 12,652 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Invesco S&P 100 Equal Weight ETF by 14.2% in the third quarter. JPMorgan Chase & Co. now owns 36,136 shares of the company’s stock valued at $4,144,000 after buying an additional 4,496 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Invesco S&P 100 Equal Weight ETF by 24.7% in the third quarter. Jones Financial Companies Lllp now owns 179,426 shares of the company’s stock valued at $20,526,000 after buying an additional 35,513 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Invesco S&P 100 Equal Weight ETF by 14.8% in the third quarter. Envestnet Asset Management Inc. now owns 89,817 shares of the company’s stock valued at $10,300,000 after buying an additional 11,611 shares in the last quarter. Finally, Fifth Third Securities Inc. raised its position in shares of Invesco S&P 100 Equal Weight ETF by 12.5% in the fourth quarter. Fifth Third Securities Inc. now owns 47,397 shares of the company’s stock valued at $5,600,000 after buying an additional 5,260 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. The Fund invests in sectors, such as consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, telecommunication services and utilities.