Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Hits New 12-Month High – Time to Buy?

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $130.13 and last traded at $130.08, with a volume of 10883 shares changing hands. The stock had previously closed at $128.52.

Invesco S&P 100 Equal Weight ETF Stock Performance

The firm has a fifty day moving average price of $124.02 and a 200 day moving average price of $120.90. The stock has a market cap of $2.62 billion, a PE ratio of 20.16 and a beta of 0.89.

Institutional Trading of Invesco S&P 100 Equal Weight ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pittenger & Anderson Inc. purchased a new stake in shares of Invesco S&P 100 Equal Weight ETF during the 4th quarter valued at $30,000. Sound Income Strategies LLC purchased a new stake in shares of Invesco S&P 100 Equal Weight ETF during the 1st quarter valued at $44,000. Wells Fargo & Company MN lifted its holdings in shares of Invesco S&P 100 Equal Weight ETF by 50,100.0% during the 4th quarter. Wells Fargo & Company MN now owns 502 shares of the company’s stock valued at $59,000 after purchasing an additional 501 shares during the last quarter. Asset Dedication LLC purchased a new stake in shares of Invesco S&P 100 Equal Weight ETF during the 3rd quarter valued at $69,000. Finally, EverSource Wealth Advisors LLC purchased a new position in Invesco S&P 100 Equal Weight ETF in the 1st quarter worth $87,000.

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.