Lunt Capital Management Inc. Acquires 32,521 Shares of Invesco Russell 1000 Equal Weight ETF $EQAL

Lunt Capital Management Inc. increased its holdings in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 235.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,323 shares of the company’s stock after acquiring an additional 32,521 shares during the quarter. Lunt Capital Management Inc.’s holdings in Invesco Russell 1000 Equal Weight ETF were worth $2,281,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Ameriflex Group Inc. acquired a new position in shares of Invesco Russell 1000 Equal Weight ETF during the 2nd quarter worth approximately $25,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the first quarter valued at approximately $76,000. Harbour Investments Inc. boosted its stake in shares of Invesco Russell 1000 Equal Weight ETF by 9.9% in the second quarter. Harbour Investments Inc. now owns 3,151 shares of the company’s stock valued at $155,000 after buying an additional 285 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Invesco Russell 1000 Equal Weight ETF by 182.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,074 shares of the company’s stock worth $240,000 after buying an additional 3,278 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in Invesco Russell 1000 Equal Weight ETF by 4.8% during the first quarter. HighTower Advisors LLC now owns 5,848 shares of the company’s stock worth $276,000 after buying an additional 269 shares in the last quarter.

Invesco Russell 1000 Equal Weight ETF Stock Performance

NYSEARCA:EQAL opened at $52.10 on Wednesday. The company has a market cap of $686.68 million, a price-to-earnings ratio of 18.07 and a beta of 1.11. Invesco Russell 1000 Equal Weight ETF has a fifty-two week low of $40.85 and a fifty-two week high of $52.91. The stock has a fifty day moving average price of $51.52 and a 200-day moving average price of $49.02.

Invesco Russell 1000 Equal Weight ETF Profile

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.