Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Hits New 1-Year High – Time to Buy?

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $108.44 and last traded at $108.24, with a volume of 3988 shares trading hands. The stock had previously closed at $107.86.

Invesco S&P 100 Equal Weight ETF Price Performance

The company has a market cap of $1.08 billion, a PE ratio of 22.10 and a beta of 0.98. The firm has a 50-day simple moving average of $105.18 and a two-hundred day simple moving average of $103.74.

Institutional Investors Weigh In On Invesco S&P 100 Equal Weight ETF

Several hedge funds have recently modified their holdings of EQWL. Wintrust Investments LLC lifted its stake in shares of Invesco S&P 100 Equal Weight ETF by 20.0% during the fourth quarter. Wintrust Investments LLC now owns 900 shares of the company’s stock valued at $92,000 after buying an additional 150 shares during the period. US Bancorp DE raised its holdings in Invesco S&P 100 Equal Weight ETF by 40.5% in the 4th quarter. US Bancorp DE now owns 684 shares of the company’s stock valued at $70,000 after acquiring an additional 197 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of Invesco S&P 100 Equal Weight ETF by 17.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,020 shares of the company’s stock worth $207,000 after purchasing an additional 300 shares during the period. FMR LLC boosted its holdings in shares of Invesco S&P 100 Equal Weight ETF by 25.7% during the third quarter. FMR LLC now owns 1,536 shares of the company’s stock worth $157,000 after purchasing an additional 314 shares during the last quarter. Finally, Silver Oak Securities Incorporated grew its position in shares of Invesco S&P 100 Equal Weight ETF by 9.9% in the fourth quarter. Silver Oak Securities Incorporated now owns 3,681 shares of the company’s stock valued at $376,000 after purchasing an additional 331 shares during the period.

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.