Forza Wealth Management LLC Grows Stock Holdings in Invesco S&P 100 Equal Weight ETF $EQWL

Forza Wealth Management LLC lifted its stake in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) by 17.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 78,706 shares of the company’s stock after buying an additional 11,599 shares during the quarter. Invesco S&P 100 Equal Weight ETF makes up about 3.2% of Forza Wealth Management LLC’s holdings, making the stock its 3rd biggest holding. Forza Wealth Management LLC’s holdings in Invesco S&P 100 Equal Weight ETF were worth $9,070,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of EQWL. LPL Financial LLC boosted its stake in Invesco S&P 100 Equal Weight ETF by 9.7% in the 4th quarter. LPL Financial LLC now owns 1,765,365 shares of the company’s stock valued at $208,596,000 after buying an additional 156,725 shares in the last quarter. Cetera Investment Advisers raised its stake in Invesco S&P 100 Equal Weight ETF by 5.7% during the fourth quarter. Cetera Investment Advisers now owns 656,325 shares of the company’s stock worth $77,551,000 after acquiring an additional 35,458 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Invesco S&P 100 Equal Weight ETF by 7.0% during the third quarter. Ameriprise Financial Inc. now owns 475,654 shares of the company’s stock worth $54,603,000 after acquiring an additional 31,244 shares in the last quarter. RFP Financial Group LLC lifted its holdings in shares of Invesco S&P 100 Equal Weight ETF by 32.0% during the fourth quarter. RFP Financial Group LLC now owns 458,426 shares of the company’s stock valued at $54,167,000 after acquiring an additional 111,115 shares during the period. Finally, Bond & Devick Financial Network Inc. lifted its holdings in shares of 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 valued at $36,863,000 after acquiring an additional 12,652 shares during the period.

Invesco S&P 100 Equal Weight ETF Stock Performance

Shares of NYSEARCA:EQWL opened at $129.80 on Friday. Invesco S&P 100 Equal Weight ETF has a 52 week low of $108.00 and a 52 week high of $131.47. The company’s fifty day moving average is $127.20 and its 200-day moving average is $122.24. The company has a market capitalization of $2.69 billion, a PE ratio of 20.16 and a beta of 0.89.

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.