HBK Sorce Advisory LLC Buys Shares of 16,569 Invesco Russell 1000 Equal Weight ETF $EQAL

HBK Sorce Advisory LLC purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) in the third quarter, HoldingsChannel.com reports. The fund purchased 16,569 shares of the company’s stock, valued at approximately $873,000.

Several other large investors have also made changes to their positions in EQAL. Flow Traders U.S. LLC bought a new position in shares of Invesco Russell 1000 Equal Weight ETF in the 2nd quarter valued at $969,000. Geneos Wealth Management Inc. boosted its stake in Invesco Russell 1000 Equal Weight ETF by 16.0% in the second quarter. Geneos Wealth Management Inc. now owns 71,363 shares of the company’s stock valued at $3,514,000 after buying an additional 9,823 shares in the last quarter. HighTower Advisors LLC grew its position in Invesco Russell 1000 Equal Weight ETF by 4.8% in the first quarter. HighTower Advisors LLC now owns 5,848 shares of the company’s stock valued at $276,000 after acquiring an additional 269 shares during the last quarter. Peirce Capital Management LLC acquired a new position in Invesco Russell 1000 Equal Weight ETF during the second quarter worth about $1,187,000. Finally, Envestnet Asset Management Inc. raised its stake in Invesco Russell 1000 Equal Weight ETF by 12.2% during the second quarter. Envestnet Asset Management Inc. now owns 41,516 shares of the company’s stock worth $2,044,000 after acquiring an additional 4,510 shares in the last quarter.

Invesco Russell 1000 Equal Weight ETF Trading Down 0.3%

EQAL opened at $53.07 on Tuesday. The company has a market cap of $695.22 million, a P/E ratio of 18.07 and a beta of 1.00. The company’s 50 day moving average is $52.21 and its 200-day moving average is $51.29. Invesco Russell 1000 Equal Weight ETF has a 1-year low of $40.85 and a 1-year high of $53.87.

Invesco Russell 1000 Equal Weight ETF Profile

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.