Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Sees Strong Trading Volume

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) shares saw an uptick in trading volume on Monday . 74,868 shares traded hands during trading, an increase of 167% from the previous session’s volume of 28,051 shares.The stock last traded at $45.05 and had previously closed at $44.79.

Invesco Russell 1000 Equal Weight ETF Stock Performance

The company has a market cap of $594.40 million, a price-to-earnings ratio of 16.01 and a beta of 0.95. The firm’s 50 day simple moving average is $44.84 and its 200-day simple moving average is $44.34.

Institutional Investors Weigh In On Invesco Russell 1000 Equal Weight ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EQAL. Wintrust Investments LLC boosted its holdings in Invesco Russell 1000 Equal Weight ETF by 28.2% in the first quarter. Wintrust Investments LLC now owns 52,960 shares of the company’s stock valued at $2,446,000 after purchasing an additional 11,635 shares during the period. Avantax Advisory Services Inc. purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF in the 1st quarter valued at about $844,000. Geneos Wealth Management Inc. grew its position in shares of Invesco Russell 1000 Equal Weight ETF by 18.9% during the first quarter. Geneos Wealth Management Inc. now owns 42,944 shares of the company’s stock worth $1,984,000 after buying an additional 6,820 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Invesco Russell 1000 Equal Weight ETF by 41.9% during the first quarter. Janney Montgomery Scott LLC now owns 13,083 shares of the company’s stock worth $604,000 after buying an additional 3,863 shares during the period. Finally, Confluence Wealth Services Inc. acquired a new stake in Invesco Russell 1000 Equal Weight ETF in the first quarter valued at approximately $231,000.

About Invesco Russell 1000 Equal Weight ETF

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.