ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Trading Down 1.7% – Time to Sell?

Shares of ALPS Equal Sector Weight ETF (NYSEARCA:EQL) were down 1.7% during mid-day trading on Monday . The stock traded as low as $124.78 and last traded at $125.55. Approximately 11,433 shares were traded during trading, an increase of 8% from the average daily volume of 10,578 shares. The stock had previously closed at $127.68.

ALPS Equal Sector Weight ETF Price Performance

The company’s 50-day moving average price is $128.70 and its 200-day moving average price is $128.10. The company has a market cap of $465.41 million, a P/E ratio of 23.64 and a beta of 0.97.

Institutional Investors Weigh In On ALPS Equal Sector Weight ETF

Several large investors have recently made changes to their positions in EQL. Raymond James Financial Inc. bought a new stake in shares of ALPS Equal Sector Weight ETF during the fourth quarter worth $35,317,000. GTS Securities LLC bought a new position in ALPS Equal Sector Weight ETF in the fourth quarter valued at $2,053,000. Ameriprise Financial Inc. grew its position in ALPS Equal Sector Weight ETF by 420.5% in the fourth quarter. Ameriprise Financial Inc. now owns 19,513 shares of the company’s stock valued at $2,444,000 after purchasing an additional 15,764 shares in the last quarter. PUREfi Wealth LLC bought a new position in ALPS Equal Sector Weight ETF in the fourth quarter valued at $1,881,000. Finally, Citadel Advisors LLC grew its position in ALPS Equal Sector Weight ETF by 110.8% in the fourth quarter. Citadel Advisors LLC now owns 15,614 shares of the company’s stock valued at $1,956,000 after purchasing an additional 8,207 shares in the last quarter.

ALPS Equal Sector Weight ETF Company Profile

The ALPS Equal Sector Weight ETF (EQL) is an exchange-traded fund that is based on the NYSE Select Sector Equal Weight index. The fund tracks an equal-weighted index of all select sector SPDR ETFs. EQL was launched on Jul 7, 2009 and is managed by ALPS.