Gilliland Jeter Wealth Management LLC Invests $275,000 in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

Gilliland Jeter Wealth Management LLC bought a new position in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) in the fourth quarter, HoldingsChannel reports. The fund bought 6,231 shares of the company’s stock, valued at approximately $275,000.

A number of other hedge funds have also bought and sold shares of the business. Reliant Wealth Planning bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the 3rd quarter valued at about $13,068,000. UBS Group AG grew its stake in shares of Invesco Russell 1000 Equal Weight ETF by 23.4% during the 3rd quarter. UBS Group AG now owns 173,097 shares of the company’s stock valued at $6,903,000 after purchasing an additional 32,852 shares during the period. Lunt Capital Management Inc. bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the 4th quarter valued at about $687,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the 3rd quarter valued at about $556,000. Finally, SFE Investment Counsel grew its stake in shares of Invesco Russell 1000 Equal Weight ETF by 20.1% during the 3rd quarter. SFE Investment Counsel now owns 37,027 shares of the company’s stock valued at $1,477,000 after purchasing an additional 6,206 shares during the period.

Invesco Russell 1000 Equal Weight ETF Trading Up 0.2 %

Invesco Russell 1000 Equal Weight ETF stock traded up $0.11 during midday trading on Friday, hitting $44.30. The stock had a trading volume of 11,608 shares, compared to its average volume of 30,327. The firm’s fifty day moving average is $44.71 and its two-hundred day moving average is $42.77. The company has a market capitalization of $583.87 million, a PE ratio of 15.64 and a beta of 0.98. Invesco Russell 1000 Equal Weight ETF has a 52-week low of $37.35 and a 52-week high of $46.21.

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.