UBS Group AG Raises Position in Invesco Russell 1000 Equal Weight ETF $EQAL

UBS Group AG lifted its holdings in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 38.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,545 shares of the company’s stock after acquiring an additional 21,498 shares during the quarter. UBS Group AG owned 0.59% of Invesco Russell 1000 Equal Weight ETF worth $4,082,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Geneos Wealth Management Inc. increased its position in shares of Invesco Russell 1000 Equal Weight ETF by 4.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 83,365 shares of the company’s stock valued at $4,388,000 after acquiring an additional 3,881 shares during the last quarter. Clark Asset Management LLC purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the fourth quarter valued at approximately $1,273,000. Friedenthal Financial increased its position in shares of Invesco Russell 1000 Equal Weight ETF by 9.1% during the fourth quarter. Friedenthal Financial now owns 50,093 shares of the company’s stock valued at $2,637,000 after acquiring an additional 4,194 shares during the last quarter. Diversified Management Inc. purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the fourth quarter valued at approximately $984,000. Finally, Bingham Private Wealth LLC purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the fourth quarter valued at approximately $2,380,000.

Invesco Russell 1000 Equal Weight ETF Trading Up 0.9%

Shares of EQAL opened at $58.44 on Friday. The company has a market capitalization of $800.63 million, a price-to-earnings ratio of 18.07 and a beta of 0.91. The stock has a 50 day moving average of $56.66 and a 200 day moving average of $54.97. Invesco Russell 1000 Equal Weight ETF has a 12 month low of $46.78 and a 12 month high of $58.97.

Invesco Russell 1000 Equal Weight ETF Company Profile

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.