Janney Montgomery Scott LLC Acquires 1,720 Shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

Janney Montgomery Scott LLC boosted its holdings in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 12.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,189 shares of the company’s stock after purchasing an additional 1,720 shares during the quarter. Janney Montgomery Scott LLC owned about 0.12% of Invesco Russell 1000 Equal Weight ETF worth $739,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 2nd quarter worth approximately $34,000. Fiduciary Financial Group LLC bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 3rd quarter worth approximately $202,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco Russell 1000 Equal Weight ETF by 31.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,800 shares of the company’s stock worth $348,000 after acquiring an additional 1,876 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 3rd quarter worth approximately $386,000. Finally, Total Clarity Wealth Management Inc. bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 2nd quarter worth approximately $403,000.

Invesco Russell 1000 Equal Weight ETF Price Performance

Invesco Russell 1000 Equal Weight ETF stock opened at $49.59 on Monday. The company has a market capitalization of $654.59 million, a PE ratio of 16.01 and a beta of 0.95. Invesco Russell 1000 Equal Weight ETF has a one year low of $40.03 and a one year high of $51.07. The business has a 50 day simple moving average of $48.69 and a 200 day simple moving average of $46.66.

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.