Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Hits New 52-Week High – Should You Buy?

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $118.33 and last traded at $118.58, with a volume of 3912 shares trading hands. The stock had previously closed at $117.92.

Invesco S&P 100 Equal Weight ETF Stock Performance

The business’s 50 day moving average is $115.71 and its 200-day moving average is $112.16. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 20.16 and a beta of 0.95.

Institutional Trading of Invesco S&P 100 Equal Weight ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC raised its position in shares of Invesco S&P 100 Equal Weight ETF by 5.1% during the 3rd quarter. Parallel Advisors LLC now owns 1,757 shares of the company’s stock worth $201,000 after purchasing an additional 85 shares during the last quarter. Ameritas Advisory Services LLC increased its stake in Invesco S&P 100 Equal Weight ETF by 9.2% during the 3rd quarter. Ameritas Advisory Services LLC now owns 1,149 shares of the company’s stock worth $132,000 after buying an additional 97 shares in the last quarter. Glass Jacobson Investment Advisors llc raised its holdings in shares of Invesco S&P 100 Equal Weight ETF by 2.8% during the third quarter. Glass Jacobson Investment Advisors llc now owns 3,636 shares of the company’s stock valued at $417,000 after acquiring an additional 100 shares during the last quarter. National Wealth Management Group LLC raised its holdings in shares of Invesco S&P 100 Equal Weight ETF by 0.4% during the second quarter. National Wealth Management Group LLC now owns 25,863 shares of the company’s stock valued at $2,844,000 after acquiring an additional 104 shares during the last quarter. Finally, Comerica Bank lifted its position in shares of Invesco S&P 100 Equal Weight ETF by 1.0% in the first quarter. Comerica Bank now owns 11,356 shares of the company’s stock valued at $1,171,000 after acquiring an additional 109 shares in the last quarter.

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.