Mountain Capital Investment Advisors Inc. Sells 144,846 Shares of ALPS Equal Sector Weight ETF $EQL

Mountain Capital Investment Advisors Inc. reduced its stake in ALPS Equal Sector Weight ETF (NYSEARCA:EQL) by 13.5% during the second quarter, Holdings Channel.com reports. The fund owned 929,537 shares of the company’s stock after selling 144,846 shares during the period. ALPS Equal Sector Weight ETF makes up about 7.9% of Mountain Capital Investment Advisors Inc.’s portfolio, making the stock its 4th biggest position. Mountain Capital Investment Advisors Inc. owned 0.08% of ALPS Equal Sector Weight ETF worth $40,993,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EQL. Farther Finance Advisors LLC acquired a new position in shares of ALPS Equal Sector Weight ETF in the first quarter worth approximately $44,000. Advisor Resource Council acquired a new position in shares of ALPS Equal Sector Weight ETF in the first quarter worth approximately $295,000. Envestnet Asset Management Inc. lifted its stake in shares of ALPS Equal Sector Weight ETF by 3.4% in the first quarter. Envestnet Asset Management Inc. now owns 10,310 shares of the company’s stock worth $1,299,000 after acquiring an additional 340 shares during the period. AE Wealth Management LLC acquired a new position in shares of ALPS Equal Sector Weight ETF in the first quarter worth approximately $78,000. Finally, Cetera Investment Advisers lifted its stake in shares of ALPS Equal Sector Weight ETF by 5.3% in the first quarter. Cetera Investment Advisers now owns 79,879 shares of the company’s stock worth $10,062,000 after acquiring an additional 4,044 shares during the period.

ALPS Equal Sector Weight ETF Price Performance

ALPS Equal Sector Weight ETF stock opened at $45.81 on Monday. The stock’s 50 day moving average is $45.49 and its 200 day moving average is $43.57. The firm has a market cap of $522.23 million, a P/E ratio of 22.84 and a beta of 0.95. ALPS Equal Sector Weight ETF has a one year low of $36.66 and a one year high of $46.38.

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.