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

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) saw strong trading volume on Monday . 268,221 shares traded hands during trading, an increase of 796% from the previous session’s volume of 29,930 shares.The stock last traded at $42.53 and had previously closed at $42.76.

Invesco Russell 1000 Equal Weight ETF Stock Performance

The company’s fifty day moving average is $48.45 and its two-hundred day moving average is $49.12. The company has a market cap of $542.85 million, a price-to-earnings ratio of 16.90 and a beta of 1.06.

Invesco Russell 1000 Equal Weight ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a dividend of $0.2251 per share. This is a boost from Invesco Russell 1000 Equal Weight ETF’s previous dividend of $0.17. The ex-dividend date was Monday, March 24th.

Institutional Trading of Invesco Russell 1000 Equal Weight ETF

Several institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its stake in Invesco Russell 1000 Equal Weight ETF by 7.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,501 shares of the company’s stock valued at $411,000 after buying an additional 575 shares in the last quarter. Bernard Wealth Management Corp. purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF in the fourth quarter valued at approximately $143,000. Wick Capital Partners LLC boosted its stake in shares of Invesco Russell 1000 Equal Weight ETF by 3.2% in the fourth quarter. Wick Capital Partners LLC now owns 83,518 shares of the company’s stock worth $4,034,000 after acquiring an additional 2,581 shares during the last quarter. Napa Wealth Management acquired a new position in Invesco Russell 1000 Equal Weight ETF in the 4th quarter valued at $710,000. Finally, Baird Financial Group Inc. lifted its holdings in Invesco Russell 1000 Equal Weight ETF by 3.3% in the 4th quarter. Baird Financial Group Inc. now owns 20,007 shares of the company’s stock valued at $966,000 after purchasing an additional 632 shares in the last quarter.

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.