Reicon Wealth Advisors LLC Invests $29.68 Million in Invesco S&P 100 Equal Weight ETF $EQWL

Reicon Wealth Advisors LLC purchased a new position in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 251,204 shares of the company’s stock, valued at approximately $29,682,000. Invesco S&P 100 Equal Weight ETF comprises about 21.5% of Reicon Wealth Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Reicon Wealth Advisors LLC owned 1.45% of Invesco S&P 100 Equal Weight ETF as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Cornerstone Planning Group LLC bought a new stake in Invesco S&P 100 Equal Weight ETF in the 3rd quarter worth about $32,000. Private Trust Co. NA bought a new stake in Invesco S&P 100 Equal Weight ETF in the 3rd quarter worth about $55,000. United Community Bank bought a new stake in Invesco S&P 100 Equal Weight ETF in the 3rd quarter worth about $64,000. Asset Dedication LLC bought a new stake in Invesco S&P 100 Equal Weight ETF in the 3rd quarter worth about $69,000. Finally, Qube Research & Technologies Ltd bought a new stake in Invesco S&P 100 Equal Weight ETF in the 3rd quarter worth about $95,000.

Invesco S&P 100 Equal Weight ETF Price Performance

NYSEARCA EQWL traded up $0.57 during trading hours on Thursday, hitting $121.83. The company’s stock had a trading volume of 16,100 shares, compared to its average volume of 130,816. Invesco S&P 100 Equal Weight ETF has a 12 month low of $100.61 and a 12 month high of $123.35. The company’s 50 day simple moving average is $118.82 and its two-hundred day simple moving average is $118.48. The company has a market cap of $2.46 billion, a P/E ratio of 20.16 and a beta of 0.90.

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.