Fort Point Capital Partners LLC Sells 215,508 Shares of Invesco Russell 1000 Equal Weight ETF $EQAL

Fort Point Capital Partners LLC reduced its position in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 88.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 28,407 shares of the company’s stock after selling 215,508 shares during the quarter. Fort Point Capital Partners LLC’s holdings in Invesco Russell 1000 Equal Weight ETF were worth $1,566,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Strategic Wealth Advisors LLC bought a new position in shares of Invesco Russell 1000 Equal Weight ETF in the fourth quarter valued at approximately $45,000. Lodestone Wealth Management LLC bought a new position in shares of Invesco Russell 1000 Equal Weight ETF in the fourth quarter valued at approximately $81,000. Jones Financial Companies Lllp boosted its position in shares of Invesco Russell 1000 Equal Weight ETF by 15.1% in the third quarter. Jones Financial Companies Lllp now owns 3,818 shares of the company’s stock valued at $198,000 after acquiring an additional 501 shares during the period. Captrust Financial Advisors bought a new position in shares of Invesco Russell 1000 Equal Weight ETF in the second quarter valued at approximately $203,000. Finally, Harbour Investments Inc. boosted its position in shares of Invesco Russell 1000 Equal Weight ETF by 30.2% in the fourth quarter. Harbour Investments Inc. now owns 3,956 shares of the company’s stock valued at $208,000 after acquiring an additional 917 shares during the period.

Invesco Russell 1000 Equal Weight ETF Trading Up 0.8%

EQAL stock opened at $59.47 on Friday. The firm has a 50 day moving average of $57.81 and a 200-day moving average of $55.77. Invesco Russell 1000 Equal Weight ETF has a 12 month low of $47.85 and a 12 month high of $59.60. The firm has a market capitalization of $814.74 million, a P/E ratio of 18.07 and a beta of 0.90.

Invesco Russell 1000 Equal Weight ETF Company 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.