Total Clarity Wealth Management Inc. Makes New Investment in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

Total Clarity Wealth Management Inc. purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,015 shares of the company’s stock, valued at approximately $403,000. Total Clarity Wealth Management Inc. owned approximately 0.07% of Invesco Russell 1000 Equal Weight ETF as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. raised its position in Invesco Russell 1000 Equal Weight ETF by 26.8% during the second quarter. Geneos Wealth Management Inc. now owns 54,468 shares of the company’s stock valued at $2,432,000 after acquiring an additional 11,524 shares in the last quarter. Wintrust Investments LLC raised its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 28.2% during the 1st quarter. Wintrust Investments LLC now owns 52,960 shares of the company’s stock valued at $2,446,000 after purchasing an additional 11,635 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 0.9% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 47,295 shares of the company’s stock valued at $2,112,000 after purchasing an additional 425 shares in the last quarter. SFE Investment Counsel lifted its stake in shares of Invesco Russell 1000 Equal Weight ETF by 0.8% in the 2nd quarter. SFE Investment Counsel now owns 34,766 shares of the company’s stock valued at $1,552,000 after purchasing an additional 274 shares during the last quarter. Finally, Confluence Wealth Services Inc. boosted its holdings in Invesco Russell 1000 Equal Weight ETF by 288.0% in the second quarter. Confluence Wealth Services Inc. now owns 19,429 shares of the company’s stock worth $867,000 after purchasing an additional 14,422 shares in the last quarter.

Invesco Russell 1000 Equal Weight ETF Price Performance

NYSEARCA EQAL opened at $47.80 on Tuesday. Invesco Russell 1000 Equal Weight ETF has a fifty-two week low of $37.35 and a fifty-two week high of $47.84. The stock’s 50-day moving average is $46.28 and its two-hundred day moving average is $45.40. The firm has a market cap of $630.96 million, a P/E ratio of 16.01 and a beta of 0.95.

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.