NewEdge Advisors LLC Has $24.44 Million Stock Position in Invesco S&P 100 Equal Weight ETF $EQWL

NewEdge Advisors LLC boosted its stake in shares of Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) by 83.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 189,430 shares of the company’s stock after acquiring an additional 86,133 shares during the quarter. NewEdge Advisors LLC owned approximately 0.92% of Invesco S&P 100 Equal Weight ETF worth $24,440,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KPP Advisory Services LLC lifted its position in shares of Invesco S&P 100 Equal Weight ETF by 57.4% during the first quarter. KPP Advisory Services LLC now owns 102,185 shares of the company’s stock worth $11,776,000 after purchasing an additional 37,248 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Invesco S&P 100 Equal Weight ETF by 9.7% in the fourth quarter. LPL Financial LLC now owns 1,765,365 shares of the company’s stock valued at $208,596,000 after purchasing an additional 156,725 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Invesco S&P 100 Equal Weight ETF by 48.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 21,145 shares of the company’s stock valued at $2,499,000 after purchasing an additional 6,928 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Invesco S&P 100 Equal Weight ETF by 4.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 176,210 shares of the company’s stock worth $20,821,000 after purchasing an additional 7,002 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in Invesco S&P 100 Equal Weight ETF by 96.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 16,840 shares of the company’s stock worth $2,042,000 after purchasing an additional 8,248 shares during the last quarter.

Invesco S&P 100 Equal Weight ETF Stock Performance

NYSEARCA:EQWL opened at $131.57 on Friday. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 20.16 and a beta of 0.89. The stock’s fifty day moving average price is $132.33 and its two-hundred day moving average price is $126.07. Invesco S&P 100 Equal Weight ETF has a 52-week low of $112.31 and a 52-week high of $136.07.

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.