Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Hits New 1-Year Low – Here’s What Happened

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $89.16 and last traded at $89.16, with a volume of 25388 shares traded. The stock had previously closed at $93.35.

Invesco S&P 100 Equal Weight ETF Stock Performance

The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 18.41 and a beta of 0.96. The business has a fifty day moving average of $105.08 and a two-hundred day moving average of $104.29.

Invesco S&P 100 Equal Weight ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a $0.5309 dividend. The ex-dividend date was Monday, March 24th. This is a positive change from Invesco S&P 100 Equal Weight ETF’s previous dividend of $0.48.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EQWL. Glass Jacobson Investment Advisors llc acquired a new stake in shares of Invesco S&P 100 Equal Weight ETF during the third quarter valued at $36,000. Harbour Investments Inc. increased its stake in Invesco S&P 100 Equal Weight ETF by 2,976.9% during the fourth quarter. Harbour Investments Inc. now owns 400 shares of the company’s stock worth $41,000 after acquiring an additional 387 shares during the last quarter. Blair William & Co. IL purchased a new position in shares of Invesco S&P 100 Equal Weight ETF in the 4th quarter worth about $41,000. Wood Tarver Financial Group LLC acquired a new position in shares of Invesco S&P 100 Equal Weight ETF in the 4th quarter valued at about $45,000. Finally, US Bancorp DE grew its holdings in shares of Invesco S&P 100 Equal Weight ETF by 40.5% during the 4th quarter. US Bancorp DE now owns 684 shares of the company’s stock worth $70,000 after purchasing an additional 197 shares during the period.

About Invesco S&P 100 Equal Weight ETF

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.