Envestnet Asset Management Inc. Purchases 2,262 Shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

Envestnet Asset Management Inc. boosted its position in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 6.5% during the 1st quarter, Holdings Channel.com reports. The fund owned 37,006 shares of the company’s stock after buying an additional 2,262 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Invesco Russell 1000 Equal Weight ETF were worth $1,749,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EQAL. GPS Wealth Strategies Group LLC bought a new position in Invesco Russell 1000 Equal Weight ETF in the first quarter valued at about $40,000. Bernard Wealth Management Corp. bought a new position in Invesco Russell 1000 Equal Weight ETF during the fourth quarter worth about $143,000. Tower Research Capital LLC TRC boosted its holdings in Invesco Russell 1000 Equal Weight ETF by 31.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,061 shares of the company’s stock worth $196,000 after buying an additional 978 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Invesco Russell 1000 Equal Weight ETF by 5.8% during the fourth 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 last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Invesco Russell 1000 Equal Weight ETF by 7.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,501 shares of the company’s stock worth $411,000 after buying an additional 575 shares during the last quarter.

Invesco Russell 1000 Equal Weight ETF Trading Down 0.7%

Shares of EQAL opened at $50.31 on Thursday. Invesco Russell 1000 Equal Weight ETF has a 1 year low of $40.85 and a 1 year high of $52.18. The stock has a market cap of $667.87 million, a P/E ratio of 18.07 and a beta of 1.11. The stock’s 50-day moving average price is $49.15 and its two-hundred day moving average price is $48.15.

Invesco Russell 1000 Equal Weight ETF 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.