Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Sees Strong Trading Volume – What’s Next?

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) shares saw unusually-strong trading volume on Monday . Approximately 70,547 shares changed hands during mid-day trading, an increase of 33% from the previous session’s volume of 53,004 shares.The stock last traded at $56.4960 and had previously closed at $56.40.

Invesco Russell 1000 Equal Weight ETF Stock Up 0.1%

The firm has a 50-day moving average price of $54.12 and a 200 day moving average price of $52.43. The firm has a market capitalization of $742.55 million, a PE ratio of 18.07 and a beta of 1.00.

Hedge Funds Weigh In On Invesco Russell 1000 Equal Weight ETF

Institutional investors have recently bought and sold shares of the company. Flow Traders U.S. LLC purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF in the second quarter valued at approximately $969,000. Geneos Wealth Management Inc. lifted its holdings in Invesco Russell 1000 Equal Weight ETF by 16.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 71,363 shares of the company’s stock worth $3,514,000 after buying an additional 9,823 shares in the last quarter. HBK Sorce Advisory LLC purchased a new position in Invesco Russell 1000 Equal Weight ETF in the 3rd quarter valued at approximately $873,000. Creative Planning grew its stake in shares of Invesco Russell 1000 Equal Weight ETF by 9.3% in the second quarter. Creative Planning now owns 17,614 shares of the company’s stock worth $867,000 after acquiring an additional 1,506 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Invesco Russell 1000 Equal Weight ETF by 12.2% in the second quarter. Envestnet Asset Management Inc. now owns 41,516 shares of the company’s stock worth $2,044,000 after acquiring an additional 4,510 shares in 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.