Rede Wealth LLC Raises Position in Invesco Russell 1000 Equal Weight ETF $EQAL

Rede Wealth LLC increased its holdings in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 18.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 7,769 shares of the company’s stock after acquiring an additional 1,184 shares during the quarter. Rede Wealth LLC’s holdings in Invesco Russell 1000 Equal Weight ETF were worth $383,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriflex Group Inc. purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the second quarter worth $25,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the first quarter worth $76,000. Harbour Investments Inc. raised its position in shares of Invesco Russell 1000 Equal Weight ETF by 9.9% in the second quarter. Harbour Investments Inc. now owns 3,151 shares of the company’s stock worth $155,000 after buying an additional 285 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco Russell 1000 Equal Weight ETF by 182.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,074 shares of the company’s stock worth $240,000 after buying an additional 3,278 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of 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 worth $276,000 after buying an additional 269 shares in the last quarter.

Invesco Russell 1000 Equal Weight ETF Stock Performance

Shares of EQAL stock opened at $51.75 on Friday. Invesco Russell 1000 Equal Weight ETF has a 52-week low of $40.85 and a 52-week high of $52.98. The company has a market capitalization of $677.93 million, a PE ratio of 18.07 and a beta of 1.00. The business’s fifty day moving average is $51.98 and its 200 day moving average is $49.72.

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.