Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Hits New 52-Week High at $47.81

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $47.81 and last traded at $47.79, with a volume of 15145 shares traded. The stock had previously closed at $47.47.

Invesco Russell 1000 Equal Weight ETF Stock Performance

The company’s 50 day moving average price is $46.41 and its 200-day moving average price is $45.44. The company has a market cap of $632.01 million, a PE ratio of 16.01 and a beta of 0.95.

Institutional Trading of Invesco Russell 1000 Equal Weight ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of EQAL. Goodman Advisory Group LLC purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF during the 2nd quarter valued at about $34,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 4th quarter worth approximately $110,000. Wealthcare Advisory Partners LLC purchased a new position in Invesco Russell 1000 Equal Weight ETF during the first quarter valued at $203,000. Dodds Wealth LLC bought a new stake in Invesco Russell 1000 Equal Weight ETF in the fourth quarter worth $225,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco Russell 1000 Equal Weight ETF by 31.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,800 shares of the company’s stock valued at $348,000 after acquiring an additional 1,876 shares in the last quarter.

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.