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

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQALGet Free Report) saw unusually-high trading volume on Monday . Approximately 43,273 shares were traded during mid-day trading, an increase of 51% from the previous session’s volume of 28,637 shares.The stock last traded at $49.97 and had previously closed at $50.43.

Invesco Russell 1000 Equal Weight ETF Price Performance

The stock’s 50-day moving average is $49.87 and its 200 day moving average is $48.45. The stock has a market cap of $657.10 million, a price-to-earnings ratio of 16.01 and a beta of 0.95.

Institutional Trading of Invesco Russell 1000 Equal Weight ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC boosted its stake in shares of Invesco Russell 1000 Equal Weight ETF by 25.1% during the 3rd quarter. FMR LLC now owns 2,266 shares of the company’s stock worth $110,000 after purchasing an additional 454 shares during the last quarter. Fiduciary Financial Group LLC purchased a new position in Invesco Russell 1000 Equal Weight ETF in the third quarter valued at approximately $202,000. Northwestern Mutual Wealth Management Co. lifted its position in Invesco Russell 1000 Equal Weight ETF by 31.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,800 shares of the company’s stock valued at $348,000 after buying an additional 1,876 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Invesco Russell 1000 Equal Weight ETF during the 3rd quarter worth $386,000. Finally, Orion Portfolio Solutions LLC purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the third quarter worth about $477,000.

About Invesco Russell 1000 Equal Weight ETF

(Get Free Report)

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.

Further Reading

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