Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Reaches New 1-Year High – Time to Buy?

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $107.92 and last traded at $107.92, with a volume of 72178 shares changing hands. The stock had previously closed at $107.32.

Invesco S&P 100 Equal Weight ETF Stock Up 0.6 %

The company has a fifty day simple moving average of $104.54 and a 200-day simple moving average of $102.83. The firm has a market cap of $726.30 million, a P/E ratio of 22.06 and a beta of 0.83.

Hedge Funds Weigh In On Invesco S&P 100 Equal Weight ETF

A number of hedge funds have recently made changes to their positions in EQWL. LPL Financial LLC boosted its stake in Invesco S&P 100 Equal Weight ETF by 15.7% during the fourth quarter. LPL Financial LLC now owns 786,301 shares of the company’s stock valued at $80,423,000 after buying an additional 106,600 shares during the last quarter. Cetera Investment Advisers boosted its stake in Invesco S&P 100 Equal Weight ETF by 13.2% during the fourth quarter. Cetera Investment Advisers now owns 460,247 shares of the company’s stock valued at $47,074,000 after buying an additional 53,496 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Invesco S&P 100 Equal Weight ETF by 42.6% during the fourth quarter. Ameriprise Financial Inc. now owns 260,725 shares of the company’s stock valued at $26,666,000 after buying an additional 77,863 shares during the last quarter. Bond & Devick Financial Network Inc. boosted its stake in Invesco S&P 100 Equal Weight ETF by 52.5% during the third quarter. Bond & Devick Financial Network Inc. now owns 184,919 shares of the company’s stock valued at $18,921,000 after buying an additional 63,654 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its stake in Invesco S&P 100 Equal Weight ETF by 34.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 110,586 shares of the company’s stock valued at $11,311,000 after buying an additional 28,425 shares during the last quarter.

Invesco S&P 100 Equal Weight ETF Company Profile

PowerShares Fundamental Pure Large Core Portfolio (the Fund), formerly PowerShares Dynamic Large Cap Portfolio, is based on the RAFI Fundamental Large Core Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is consisted of common stocks of large core United States companies, including real estate investment trusts (REITs), from a universe consisted of the 2,500 largest United States companies.