Friedenthal Financial Sells 20,774 Shares of Invesco Russell 1000 Equal Weight ETF $EQAL

Friedenthal Financial cut its holdings in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 41.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,319 shares of the company’s stock after selling 20,774 shares during the period. Invesco Russell 1000 Equal Weight ETF comprises approximately 0.8% of Friedenthal Financial’s portfolio, making the stock its 29th largest position. Friedenthal Financial’s holdings in Invesco Russell 1000 Equal Weight ETF were worth $1,615,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Bingham Private Wealth LLC bought a new position in shares of Invesco Russell 1000 Equal Weight ETF during the fourth quarter valued at $2,380,000. Clark Asset Management LLC acquired a new position in shares of Invesco Russell 1000 Equal Weight ETF during the fourth quarter worth $1,273,000. UBS Group AG lifted its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 38.4% during the fourth quarter. UBS Group AG now owns 77,545 shares of the company’s stock worth $4,082,000 after purchasing an additional 21,498 shares during the period. Carroll Advisory Group LLC bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the fourth quarter worth $1,620,000. Finally, Diversified Management Inc. bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the fourth quarter worth $984,000.

Invesco Russell 1000 Equal Weight ETF Stock Up 0.3%

NYSEARCA EQAL opened at $58.32 on Thursday. The company has a market capitalization of $798.98 million, a price-to-earnings ratio of 18.07 and a beta of 0.90. Invesco Russell 1000 Equal Weight ETF has a twelve month low of $48.46 and a twelve month high of $59.98. The stock has a fifty day simple moving average of $58.18 and a 200 day simple moving average of $56.14.

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.