Gateway Wealth Partners LLC Has $2.93 Million Position in ALPS Equal Sector Weight ETF (NYSEARCA:EQL)

Gateway Wealth Partners LLC lifted its stake in ALPS Equal Sector Weight ETF (NYSEARCA:EQL) by 9.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,979 shares of the company’s stock after purchasing an additional 2,070 shares during the period. Gateway Wealth Partners LLC owned 0.79% of ALPS Equal Sector Weight ETF worth $2,932,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EQL. Ndwm LLC acquired a new stake in shares of ALPS Equal Sector Weight ETF in the first quarter valued at approximately $531,000. Commonwealth Equity Services LLC grew its holdings in ALPS Equal Sector Weight ETF by 1.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 14,260 shares of the company’s stock worth $1,683,000 after acquiring an additional 200 shares during the period. Cetera Investment Advisers acquired a new stake in ALPS Equal Sector Weight ETF during the 1st quarter worth $1,587,000. Cetera Advisors LLC raised its position in shares of ALPS Equal Sector Weight ETF by 24.8% during the 1st quarter. Cetera Advisors LLC now owns 5,335 shares of the company’s stock valued at $629,000 after acquiring an additional 1,059 shares during the last quarter. Finally, ORG Partners LLC acquired a new position in shares of ALPS Equal Sector Weight ETF in the 2nd quarter valued at $656,000.

ALPS Equal Sector Weight ETF Stock Up 0.4 %

NYSEARCA:EQL opened at $127.74 on Tuesday. The stock’s fifty day simple moving average is $125.96 and its 200-day simple moving average is $120.69. The firm has a market capitalization of $370.44 million, a P/E ratio of 21.23 and a beta of 0.83. ALPS Equal Sector Weight ETF has a 12-month low of $96.35 and a 12-month high of $129.37.

ALPS Equal Sector Weight ETF Company Profile

The ALPS Equal Sector Weight ETF (EQL) is an exchange-traded fund that is based on the NYSE Select Sector Equal Weight index. The fund tracks an equal-weighted index of all select sector SPDR ETFs. EQL was launched on Jul 7, 2009 and is managed by ALPS.