Miracle Mile Advisors LLC Cuts Stock Holdings in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

Miracle Mile Advisors LLC lessened its stake in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 94.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,722 shares of the company’s stock after selling 81,046 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Invesco Russell 1000 Equal Weight ETF were worth $223,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. HighTower Advisors LLC raised its position in shares of Invesco Russell 1000 Equal Weight ETF by 5.8% in the 4th quarter. HighTower Advisors LLC now owns 5,579 shares of the company’s stock worth $269,000 after buying an additional 306 shares during the period. Thrivent Financial for Lutherans increased its stake in Invesco Russell 1000 Equal Weight ETF by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 19,219 shares of the company’s stock worth $979,000 after acquiring an additional 415 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF in the 4th quarter worth about $414,000. LPL Financial LLC raised its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 2.6% in the 4th quarter. LPL Financial LLC now owns 220,467 shares of the company’s stock worth $10,649,000 after purchasing an additional 5,571 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of Invesco Russell 1000 Equal Weight ETF by 249.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,176 shares of the company’s stock valued at $57,000 after purchasing an additional 839 shares in the last quarter.

Invesco Russell 1000 Equal Weight ETF Stock Performance

Shares of NYSEARCA:EQAL opened at $48.68 on Thursday. The stock has a 50-day simple moving average of $46.29 and a 200-day simple moving average of $48.18. The stock has a market capitalization of $642.58 million, a P/E ratio of 18.46 and a beta of 1.00. Invesco Russell 1000 Equal Weight ETF has a 1 year low of $40.85 and a 1 year high of $52.18.

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.