Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Sees Unusually-High Trading Volume

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) saw an uptick in trading volume on Thursday . 93,227 shares changed hands during trading, an increase of 211% from the previous session’s volume of 29,969 shares.The stock last traded at $43.46 and had previously closed at $43.33.

Invesco Russell 1000 Equal Weight ETF Stock Performance

The firm’s 50 day moving average price is $44.66 and its 200-day moving average price is $42.55. The firm has a market capitalization of $670.53 million, a PE ratio of 16.57 and a beta of 1.11.

Hedge Funds Weigh In On Invesco Russell 1000 Equal Weight ETF

Several hedge funds and other institutional investors have recently modified their holdings of EQAL. Blair William & Co. IL purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF in the first quarter worth about $61,000. Allworth Financial LP purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 4th quarter valued at approximately $62,000. Comerica Bank purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 3rd quarter valued at approximately $65,000. Aptus Capital Advisors LLC purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 3rd quarter valued at approximately $75,000. Finally, Harbour Investments Inc. grew its stake in shares of Invesco Russell 1000 Equal Weight ETF by 357.9% in the 2nd quarter. Harbour Investments Inc. now owns 2,120 shares of the company’s stock valued at $89,000 after buying an additional 1,657 shares during the period.

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.