Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Sees Large Volume Increase – Here’s What Happened

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) saw unusually-strong trading volume on Friday . Approximately 37,272 shares changed hands during trading, an increase of 35% from the previous session’s volume of 27,566 shares.The stock last traded at $50.09 and had previously closed at $49.70.

Invesco Russell 1000 Equal Weight ETF Price Performance

The business has a 50-day moving average of $49.87 and a two-hundred day moving average of $48.16. The company has a market cap of $659.08 million, a P/E ratio of 16.01 and a beta of 0.95.

Institutional Trading of Invesco Russell 1000 Equal Weight ETF

A number of institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans purchased a new position in Invesco Russell 1000 Equal Weight ETF during the 2nd quarter worth $773,000. Goodman Advisory Group LLC purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the second quarter worth about $34,000. Creative Planning acquired a new position in shares of Invesco Russell 1000 Equal Weight ETF during the second quarter valued at about $512,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 31.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,800 shares of the company’s stock valued at $348,000 after acquiring an additional 1,876 shares in the last quarter. Finally, San Luis Wealth Advisors LLC raised its position in shares of Invesco Russell 1000 Equal Weight ETF by 6.9% in the 3rd quarter. San Luis Wealth Advisors LLC now owns 133,321 shares of the company’s stock valued at $6,486,000 after purchasing an additional 8,603 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.