Smith Moore & CO. Acquires 21,700 Shares of ALPS Equal Sector Weight ETF $EQL

Smith Moore & CO. raised its stake in shares of ALPS Equal Sector Weight ETF (NYSEARCA:EQL) by 201.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,450 shares of the company’s stock after buying an additional 21,700 shares during the quarter. Smith Moore & CO.’s holdings in ALPS Equal Sector Weight ETF were worth $1,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of EQL. Blue Trust Inc. bought a new stake in ALPS Equal Sector Weight ETF in the 2nd quarter valued at $38,000. BOK Financial Private Wealth Inc. increased its holdings in shares of ALPS Equal Sector Weight ETF by 200.0% in the second quarter. BOK Financial Private Wealth Inc. now owns 1,200 shares of the company’s stock worth $53,000 after purchasing an additional 800 shares during the last quarter. MAI Capital Management lifted its position in shares of ALPS Equal Sector Weight ETF by 200.0% in the second quarter. MAI Capital Management now owns 1,773 shares of the company’s stock worth $78,000 after buying an additional 1,182 shares in the last quarter. Crewe Advisors LLC boosted its stake in ALPS Equal Sector Weight ETF by 200.0% during the second quarter. Crewe Advisors LLC now owns 1,800 shares of the company’s stock valued at $79,000 after buying an additional 1,200 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in ALPS Equal Sector Weight ETF during the 2nd quarter valued at approximately $164,000.

ALPS Equal Sector Weight ETF Price Performance

Shares of EQL opened at $46.37 on Tuesday. The stock has a market capitalization of $528.62 million, a price-to-earnings ratio of 22.84 and a beta of 0.91. ALPS Equal Sector Weight ETF has a 1 year low of $36.66 and a 1 year high of $46.71. The business’s 50 day simple moving average is $45.92 and its 200-day simple moving average is $44.81.

ALPS Equal Sector Weight ETF Profile

The ALPS Equal Sector Weight ETF (EQL) is an exchange-traded fund that is based on the NYSE Select Sector Equal Weight index. The fund tracks an equal-weighted index of all select sector SPDR ETFs. EQL was launched on Jul 7, 2009 and is managed by ALPS.