Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Reaches New 12-Month High – Here’s What Happened

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) hit a new 52-week high on Friday . The stock traded as high as $51.28 and last traded at $51.23, with a volume of 3477 shares trading hands. The stock had previously closed at $50.87.

Invesco Russell 1000 Equal Weight ETF Stock Up 1.2 %

The company has a market capitalization of $679.40 million, a PE ratio of 16.01 and a beta of 0.95. The company has a 50-day moving average price of $49.06 and a two-hundred day moving average price of $46.85.

Hedge Funds Weigh In On Invesco Russell 1000 Equal Weight ETF

Several hedge funds have recently made changes to their positions in the stock. San Luis Wealth Advisors LLC grew its position in Invesco Russell 1000 Equal Weight ETF by 6.9% during the third quarter. San Luis Wealth Advisors LLC now owns 133,321 shares of the company’s stock worth $6,486,000 after buying an additional 8,603 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Invesco Russell 1000 Equal Weight ETF by 26.8% during the second quarter. Geneos Wealth Management Inc. now owns 54,468 shares of the company’s stock worth $2,432,000 after buying an additional 11,524 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in Invesco Russell 1000 Equal Weight ETF by 0.9% during the second quarter. Capital Advisors Ltd. LLC now owns 47,295 shares of the company’s stock worth $2,112,000 after buying an additional 425 shares in the last quarter. SFE Investment Counsel grew its position in Invesco Russell 1000 Equal Weight ETF by 0.8% during the second quarter. SFE Investment Counsel now owns 34,766 shares of the company’s stock worth $1,552,000 after buying an additional 274 shares in the last quarter. Finally, Confluence Wealth Services Inc. grew its position in Invesco Russell 1000 Equal Weight ETF by 288.0% during the second quarter. Confluence Wealth Services Inc. now owns 19,429 shares of the company’s stock worth $867,000 after buying an additional 14,422 shares in the last quarter.

About Invesco Russell 1000 Equal Weight ETF

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.