ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Sees Strong Trading Volume – Time to Buy?

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) saw unusually-high trading volume on Tuesday . Approximately 335,198 shares traded hands during mid-day trading, an increase of 202% from the previous session’s volume of 111,020 shares.The stock last traded at $49.2810 and had previously closed at $49.38.

ALPS Equal Sector Weight ETF Stock Down 0.3%

The firm’s 50 day moving average is $47.52 and its 200-day moving average is $46.28. The firm has a market cap of $637.66 million, a PE ratio of 22.84 and a beta of 0.91.

Institutional Investors Weigh In On ALPS Equal Sector Weight ETF

Several large investors have recently made changes to their positions in EQL. Bank of America Corp DE raised its holdings in shares of ALPS Equal Sector Weight ETF by 3.1% during the 3rd quarter. Bank of America Corp DE now owns 1,469,010 shares of the company’s stock valued at $67,619,000 after buying an additional 44,753 shares during the period. Raymond James Financial Inc. raised its position in shares of ALPS Equal Sector Weight ETF by 205.9% during the 2nd quarter. Raymond James Financial Inc. now owns 922,171 shares of the company’s stock valued at $40,434,000 after acquiring an additional 620,663 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of ALPS Equal Sector Weight ETF by 135.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 397,308 shares of the company’s stock worth $17,426,000 after buying an additional 228,690 shares during the last quarter. LPL Financial LLC boosted its stake in ALPS Equal Sector Weight ETF by 5.3% in the fourth quarter. LPL Financial LLC now owns 307,778 shares of the company’s stock valued at $14,275,000 after acquiring an additional 15,574 shares during the period. Finally, Cetera Investment Advisers boosted its position in ALPS Equal Sector Weight ETF by 198.1% during the 2nd quarter. Cetera Investment Advisers now owns 238,109 shares of the company’s stock valued at $10,440,000 after purchasing an additional 158,230 shares during the period.

ALPS Equal Sector Weight ETF Company Profile

The ALPS Equal Sector Weight ETF (EQL) is an exchange-traded fund that is based on the NYSE Select Sector Equal Weight index. The fund tracks an equal-weighted index of all select sector SPDR ETFs. EQL was launched on Jul 7, 2009 and is managed by ALPS.