ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Sets New 52-Week High – Here’s What Happened

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) hit a new 52-week high during trading on Tuesday . The company traded as high as $48.48 and last traded at $48.3920, with a volume of 19635 shares trading hands. The stock had previously closed at $48.20.

ALPS Equal Sector Weight ETF Trading Up 0.1%

The firm has a fifty day moving average of $47.00 and a two-hundred day moving average of $45.98. The company has a market cap of $624.58 million, a PE ratio of 22.84 and a beta of 0.91.

Institutional Trading of ALPS Equal Sector Weight ETF

A number of institutional investors have recently modified their holdings of EQL. Bank of America Corp DE boosted its stake in ALPS Equal Sector Weight ETF by 239.8% in the 2nd quarter. Bank of America Corp DE now owns 1,424,257 shares of the company’s stock worth $62,448,000 after purchasing an additional 1,005,111 shares during the period. Raymond James Financial Inc. raised its position in ALPS Equal Sector Weight ETF by 205.9% during the second quarter. Raymond James Financial Inc. now owns 922,171 shares of the company’s stock valued at $40,434,000 after purchasing an additional 620,663 shares in the last quarter. Ameriprise Financial Inc. lifted its position in ALPS Equal Sector Weight ETF by 135.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 397,308 shares of the company’s stock worth $17,426,000 after buying an additional 228,690 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of ALPS Equal Sector Weight ETF by 198.1% during the second quarter. Cetera Investment Advisers now owns 238,109 shares of the company’s stock worth $10,440,000 after acquiring an additional 158,230 shares in the last quarter. Finally, CWM LLC purchased a new position in ALPS Equal Sector Weight ETF in the 3rd quarter worth $5,403,000.

About ALPS Equal Sector Weight ETF

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.