Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Sees Large Volume Increase – Here’s What Happened

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) saw unusually-high trading volume on Tuesday . Approximately 27,528 shares changed hands during mid-day trading, a decline of 2% from the previous session’s volume of 28,028 shares.The stock last traded at $46.87 and had previously closed at $47.26.

Invesco Russell 1000 Equal Weight ETF Price Performance

The firm has a market capitalization of $609.73 million, a PE ratio of 18.50 and a beta of 1.12. The company has a 50-day moving average price of $48.97 and a 200 day moving average price of $49.22.

Invesco Russell 1000 Equal Weight ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a $0.2251 dividend. This is an increase from Invesco Russell 1000 Equal Weight ETF’s previous dividend of $0.17. The ex-dividend date was Monday, March 24th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its position in shares of Invesco Russell 1000 Equal Weight ETF by 249.0% in the fourth quarter. Jones Financial Companies Lllp now owns 1,176 shares of the company’s stock worth $57,000 after buying an additional 839 shares in the last quarter. FMR LLC increased its stake in Invesco Russell 1000 Equal Weight ETF by 25.1% during the third quarter. FMR LLC now owns 2,266 shares of the company’s stock worth $110,000 after acquiring an additional 454 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 4th quarter valued at approximately $143,000. Tower Research Capital LLC TRC lifted its stake in shares of Invesco Russell 1000 Equal Weight ETF by 31.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,061 shares of the company’s stock valued at $196,000 after purchasing an additional 978 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF in the 4th quarter worth approximately $212,000.

Invesco Russell 1000 Equal Weight ETF Company Profile

The Invesco Russell 1000 Equal Weight ETF (EQAL) is an exchange-traded fund that is based on the Russell 1000 Equal Weight index. The fund tracks an index of the 1,000 largest US stocks. Each sector receives equal weight, and each stock within a sector receives equal weight. EQAL was launched on Dec 23, 2014 and is managed by Invesco.