Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) shares saw an uptick in trading volume on Wednesday . 103,799 shares changed hands during mid-day trading, an increase of 272% from the previous session’s volume of 27,898 shares.The stock last traded at $48.05 and had previously closed at $48.17.

Invesco Russell 1000 Equal Weight ETF Price Performance

The firm has a market capitalization of $614.93 million, a P/E ratio of 18.50 and a beta of 1.12. The firm’s fifty day moving average price is $49.14 and its 200-day moving average price is $49.19.

Invesco Russell 1000 Equal Weight ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be paid a $0.2251 dividend. The ex-dividend date is Monday, March 24th. This is an increase from Invesco Russell 1000 Equal Weight ETF’s previous dividend of $0.17.

Institutional Trading of Invesco Russell 1000 Equal Weight ETF

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

About Invesco Russell 1000 Equal Weight ETF

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.