Smith Moore & CO. Increases Holdings in ALPS Equal Sector Weight ETF (NYSEARCA:EQL)

Smith Moore & CO. grew its holdings in ALPS Equal Sector Weight ETF (NYSEARCA:EQL) by 4.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,650 shares of the company’s stock after acquiring an additional 450 shares during the quarter. Smith Moore & CO. owned about 0.37% of ALPS Equal Sector Weight ETF worth $1,334,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Delta Capital Management LLC purchased a new position in ALPS Equal Sector Weight ETF in the fourth quarter valued at approximately $338,000. Stratos Wealth Partners LTD. boosted its holdings in shares of ALPS Equal Sector Weight ETF by 3.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 12,617 shares of the company’s stock valued at $1,580,000 after buying an additional 432 shares in the last quarter. BostonPremier Wealth LLC acquired a new stake in ALPS Equal Sector Weight ETF during the 4th quarter worth $273,000. PUREfi Wealth LLC purchased a new stake in ALPS Equal Sector Weight ETF in the fourth quarter valued at $1,881,000. Finally, Jones Financial Companies Lllp boosted its stake in ALPS Equal Sector Weight ETF by 36.2% in the fourth quarter. Jones Financial Companies Lllp now owns 1,538 shares of the company’s stock valued at $193,000 after acquiring an additional 409 shares in the last quarter.

ALPS Equal Sector Weight ETF Stock Performance

EQL opened at $38.30 on Friday. ALPS Equal Sector Weight ETF has a one year low of $37.46 and a one year high of $44.49. The stock has a market capitalization of $148.60 million, a P/E ratio of 22.58 and a beta of 0.97. The business’s 50-day simple moving average is $42.68 and its 200-day simple moving average is $42.73.

ALPS Equal Sector Weight ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.1691 per share. The ex-dividend date was Wednesday, March 26th.

ALPS Equal Sector Weight ETF 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.