Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Stock Price Down 0.6% – Should You Sell?

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)’s share price traded down 0.6% during trading on Wednesday. The stock traded as low as $57.27 and last traded at $57.27. 23,363 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 50,359 shares. The stock had previously closed at $57.59.

Invesco Russell 1000 Equal Weight ETF Stock Performance

The company has a market capitalization of $800.91 million, a price-to-earnings ratio of 18.07 and a beta of 0.91. The business’s 50 day moving average is $60.12 and its 200 day moving average is $58.60.

Institutional Investors Weigh In On Invesco Russell 1000 Equal Weight ETF

Large investors have recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 53.9% during the first quarter. Bank of America Corp DE now owns 398,926 shares of the company’s stock worth $21,981,000 after purchasing an additional 139,631 shares during the period. Geneos Wealth Management Inc. raised its position in Invesco Russell 1000 Equal Weight ETF by 24.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 104,087 shares of the company’s stock worth $5,735,000 after buying an additional 20,722 shares during the last quarter. Empowered Funds LLC lifted its stake in Invesco Russell 1000 Equal Weight ETF by 309.8% during the 1st quarter. Empowered Funds LLC now owns 50,514 shares of the company’s stock valued at $2,783,000 after acquiring an additional 38,189 shares during the period. Lunt Capital Management Inc. lifted its stake in Invesco Russell 1000 Equal Weight ETF by 3.6% during the 2nd quarter. Lunt Capital Management Inc. now owns 48,007 shares of the company’s stock valued at $2,845,000 after acquiring an additional 1,684 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 8.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 45,280 shares of the company’s stock valued at $2,683,000 after acquiring an additional 3,421 shares during the last quarter.

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.