Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Hits New 52-Week High – Here’s What Happened

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) hit a new 52-week high during trading on Tuesday . The company traded as high as $120.94 and last traded at $120.6720, with a volume of 18412 shares. The stock had previously closed at $120.76.

Invesco S&P 100 Equal Weight ETF Stock Performance

The company’s 50 day simple moving average is $117.49 and its two-hundred day simple moving average is $114.57. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 20.16 and a beta of 0.95.

Institutional Trading of Invesco S&P 100 Equal Weight ETF

Several large investors have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC lifted its stake in shares of Invesco S&P 100 Equal Weight ETF by 8.5% in the 4th quarter. SeaCrest Wealth Management LLC now owns 7,809 shares of the company’s stock valued at $933,000 after purchasing an additional 610 shares during the last quarter. Focus Financial Network Inc. raised its holdings in Invesco S&P 100 Equal Weight ETF by 13.5% during the fourth quarter. Focus Financial Network Inc. now owns 3,032 shares of the company’s stock valued at $358,000 after buying an additional 361 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Invesco S&P 100 Equal Weight ETF by 2.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 112,605 shares of the company’s stock worth $13,563,000 after buying an additional 2,493 shares during the last quarter. Sovereign Financial Group Inc. boosted its stake in shares of Invesco S&P 100 Equal Weight ETF by 11.1% during the 4th quarter. Sovereign Financial Group Inc. now owns 11,768 shares of the company’s stock worth $1,391,000 after acquiring an additional 1,176 shares in the last quarter. Finally, Park Avenue Securities LLC increased its holdings in shares of Invesco S&P 100 Equal Weight ETF by 2.3% during the 4th quarter. Park Avenue Securities LLC now owns 16,609 shares of the company’s stock valued at $1,963,000 after acquiring an additional 381 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. The Fund invests in sectors, such as consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, telecommunication services and utilities.