Beck Capital Management LLC Cuts Holdings in Invesco S&P 100 Equal Weight ETF $EQWL

Beck Capital Management LLC decreased its holdings in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) by 36.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,131 shares of the company’s stock after selling 17,543 shares during the period. Beck Capital Management LLC’s holdings in Invesco S&P 100 Equal Weight ETF were worth $3,560,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of EQWL. Royal Bank of Canada increased its holdings in Invesco S&P 100 Equal Weight ETF by 16.7% in the 1st quarter. Royal Bank of Canada now owns 46,495 shares of the company’s stock worth $4,793,000 after buying an additional 6,664 shares in the last quarter. NewEdge Advisors LLC raised its position in Invesco S&P 100 Equal Weight ETF by 20.7% in the 1st quarter. NewEdge Advisors LLC now owns 4,082 shares of the company’s stock worth $421,000 after buying an additional 700 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in Invesco S&P 100 Equal Weight ETF during the 1st quarter valued at about $872,000. Jane Street Group LLC lifted its stake in Invesco S&P 100 Equal Weight ETF by 6.5% during the 1st quarter. Jane Street Group LLC now owns 7,594 shares of the company’s stock valued at $783,000 after acquiring an additional 465 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Invesco S&P 100 Equal Weight ETF by 557.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 31,640 shares of the company’s stock valued at $3,479,000 after acquiring an additional 26,829 shares during the last quarter.

Invesco S&P 100 Equal Weight ETF Stock Up 0.8%

Shares of EQWL stock opened at $128.52 on Friday. The company has a 50 day moving average price of $123.46 and a 200-day moving average price of $120.66. Invesco S&P 100 Equal Weight ETF has a 52 week low of $105.99 and a 52 week high of $128.91. The firm has a market capitalization of $2.60 billion, a PE ratio of 20.16 and a beta of 0.89.

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.