Kovack Advisors Inc. Acquires 725 Shares of Invesco S&P 100 Equal Weight ETF $EQWL

Kovack Advisors Inc. grew its holdings in shares of Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) by 4.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,893 shares of the company’s stock after buying an additional 725 shares during the period. Kovack Advisors Inc. owned 0.11% of Invesco S&P 100 Equal Weight ETF worth $1,748,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Altus Wealth Management LLC bought a new stake in shares of Invesco S&P 100 Equal Weight ETF in the 2nd quarter worth approximately $32,484,000. Private Advisor Group LLC boosted its position in shares of Invesco S&P 100 Equal Weight ETF by 2,047.5% in the 1st quarter. Private Advisor Group LLC now owns 139,631 shares of the company’s stock worth $14,395,000 after purchasing an additional 133,129 shares in the last quarter. LPL Financial LLC boosted its position in shares of Invesco S&P 100 Equal Weight ETF by 16.7% in the 1st quarter. LPL Financial LLC now owns 917,803 shares of the company’s stock worth $94,616,000 after purchasing an additional 131,502 shares in the last quarter. Systelligence LLC bought a new stake in shares of Invesco S&P 100 Equal Weight ETF in the 2nd quarter worth approximately $12,087,000. Finally, Cetera Investment Advisers boosted its position in shares of Invesco S&P 100 Equal Weight ETF by 12.9% in the 1st quarter. Cetera Investment Advisers now owns 519,773 shares of the company’s stock worth $53,583,000 after purchasing an additional 59,526 shares in the last quarter.

Invesco S&P 100 Equal Weight ETF Stock Down 0.3%

Shares of EQWL opened at $116.27 on Friday. The stock has a market cap of $1.83 billion, a P/E ratio of 20.16 and a beta of 0.95. The business’s 50 day moving average price is $114.41 and its 200-day moving average price is $109.50. Invesco S&P 100 Equal Weight ETF has a 52 week low of $89.16 and a 52 week high of $118.27.

About Invesco S&P 100 Equal Weight ETF

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.