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

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) shares reached a new 52-week high on Monday . The company traded as high as $130.13 and last traded at $130.08, with a volume of 10883 shares traded. The stock had previously closed at $128.52.

Invesco S&P 100 Equal Weight ETF Price Performance

The stock has a market capitalization of $2.64 billion, a PE ratio of 20.16 and a beta of 0.89. The stock’s 50 day simple moving average is $123.46 and its two-hundred day simple moving average is $120.71.

Institutional Trading of Invesco S&P 100 Equal Weight ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of EQWL. Bond & Devick Financial Network Inc. grew its holdings in shares of Invesco S&P 100 Equal Weight ETF by 4.2% during the 4th quarter. Bond & Devick Financial Network Inc. now owns 311,977 shares of the company’s stock valued at $36,863,000 after purchasing an additional 12,652 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Invesco S&P 100 Equal Weight ETF by 14.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 36,136 shares of the company’s stock valued at $4,144,000 after buying an additional 4,496 shares during the period. Fifth Third Securities Inc. boosted its position in Invesco S&P 100 Equal Weight ETF by 12.5% during the 4th quarter. Fifth Third Securities Inc. now owns 47,397 shares of the company’s stock valued at $5,600,000 after buying an additional 5,260 shares during the period. REDW Wealth LLC lifted its position in shares of Invesco S&P 100 Equal Weight ETF by 131.5% in the 4th quarter. REDW Wealth LLC now owns 8,964 shares of the company’s stock worth $1,059,000 after purchasing an additional 5,092 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of Invesco S&P 100 Equal Weight ETF by 14.8% in the third quarter. Envestnet Asset Management Inc. now owns 89,817 shares of the company’s stock worth $10,300,000 after acquiring an additional 11,611 shares during the period.

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.