Able Wealth Management LLC Increases Position in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)

Able Wealth Management LLC boosted its stake in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) by 10.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,497 shares of the company’s stock after purchasing an additional 5,735 shares during the quarter. Invesco S&P 100 Equal Weight ETF comprises approximately 4.1% of Able Wealth Management LLC’s holdings, making the stock its 4th largest holding. Able Wealth Management LLC owned 0.90% of Invesco S&P 100 Equal Weight ETF worth $6,188,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bond & Devick Financial Network Inc. boosted its position in shares of Invesco S&P 100 Equal Weight ETF by 52.5% during the 3rd quarter. Bond & Devick Financial Network Inc. now owns 184,919 shares of the company’s stock valued at $18,921,000 after acquiring an additional 63,654 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Invesco S&P 100 Equal Weight ETF by 6.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 103,103 shares of the company’s stock valued at $10,550,000 after purchasing an additional 6,673 shares during the last quarter. Sanders Morris Harris LLC grew its stake in shares of Invesco S&P 100 Equal Weight ETF by 2,475.3% in the 4th quarter. Sanders Morris Harris LLC now owns 60,005 shares of the company’s stock worth $6,137,000 after buying an additional 57,675 shares in the last quarter. Beck Capital Management LLC increased its holdings in shares of Invesco S&P 100 Equal Weight ETF by 4.7% in the 3rd quarter. Beck Capital Management LLC now owns 58,066 shares of the company’s stock worth $5,941,000 after buying an additional 2,597 shares during the last quarter. Finally, Merit Financial Group LLC increased its holdings in shares of Invesco S&P 100 Equal Weight ETF by 19.2% in the 4th quarter. Merit Financial Group LLC now owns 46,945 shares of the company’s stock worth $4,802,000 after buying an additional 7,570 shares during the last quarter.

Invesco S&P 100 Equal Weight ETF Trading Up 0.3 %

Shares of NYSEARCA:EQWL opened at $108.28 on Thursday. The company has a market cap of $728.72 million, a price-to-earnings ratio of 22.06 and a beta of 0.83. Invesco S&P 100 Equal Weight ETF has a 12 month low of $89.40 and a 12 month high of $108.28. The company has a 50-day moving average price of $104.63 and a 200 day moving average price of $102.95.

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.