Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Hits New 1-Year High – Here’s Why

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $123.62 and last traded at $123.32, with a volume of 12546 shares. The stock had previously closed at $123.16.

Invesco S&P 100 Equal Weight ETF Price Performance

The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 20.16 and a beta of 0.90. The firm has a fifty day moving average of $118.85 and a 200 day moving average of $118.51.

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

Hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC lifted its position in shares of Invesco S&P 100 Equal Weight ETF by 5.1% in the third quarter. Parallel Advisors LLC now owns 1,757 shares of the company’s stock valued at $201,000 after acquiring an additional 85 shares in the last quarter. Foronjy Financial LLC lifted its position in shares of Invesco S&P 100 Equal Weight ETF by 0.6% in the fourth quarter. Foronjy Financial LLC now owns 15,151 shares of the company’s stock valued at $1,790,000 after acquiring an additional 96 shares in the last quarter. Ameritas Advisory Services LLC lifted its position in shares of Invesco S&P 100 Equal Weight ETF by 9.2% in the third quarter. Ameritas Advisory Services LLC now owns 1,149 shares of the company’s stock valued at $132,000 after acquiring an additional 97 shares in the last quarter. Glass Jacobson Investment Advisors llc lifted its position in shares of Invesco S&P 100 Equal Weight ETF by 2.8% in the third quarter. Glass Jacobson Investment Advisors llc now owns 3,636 shares of the company’s stock valued at $417,000 after acquiring an additional 100 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Invesco S&P 100 Equal Weight ETF by 0.3% in the fourth quarter. JPMorgan Chase & Co. now owns 36,244 shares of the company’s stock valued at $4,283,000 after acquiring an additional 108 shares in 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.