Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Hits New 52-Week High – Here’s What Happened

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) shares reached a new 52-week high on Tuesday . The company traded as high as $120.94 and last traded at $120.6720, with a volume of 18412 shares. The stock had previously closed at $120.76.

Invesco S&P 100 Equal Weight ETF Price Performance

The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 20.16 and a beta of 0.95. The company’s fifty day moving average is $117.82 and its two-hundred day moving average is $114.73.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EQWL. Cetera Investment Advisers increased its holdings in Invesco S&P 100 Equal Weight ETF by 5.9% in the second quarter. Cetera Investment Advisers now owns 550,308 shares of the company’s stock valued at $60,517,000 after purchasing an additional 30,535 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Invesco S&P 100 Equal Weight ETF by 7.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 475,654 shares of the company’s stock worth $54,603,000 after buying an additional 31,244 shares during the period. RFP Financial Group LLC bought a new stake in shares of Invesco S&P 100 Equal Weight ETF in the 2nd quarter valued at about $51,869,000. Bond & Devick Financial Network Inc. raised its position in shares of Invesco S&P 100 Equal Weight ETF by 4.2% in the 4th quarter. Bond & Devick Financial Network Inc. now owns 311,977 shares of the company’s stock valued at $36,863,000 after acquiring an additional 12,652 shares during the period. Finally, Altus Wealth Management LLC raised its position in shares of Invesco S&P 100 Equal Weight ETF by 1.5% in the 3rd quarter. Altus Wealth Management LLC now owns 299,901 shares of the company’s stock valued at $34,393,000 after acquiring an additional 4,512 shares during the period.

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. The Fund invests in sectors, such as consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, telecommunication services and utilities.