Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Reaches New 1-Year High – Here’s What Happened

Shares of Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $112.56 and last traded at $112.13, with a volume of 10035 shares changing hands. The stock had previously closed at $112.17.

Invesco S&P 100 Equal Weight ETF Price Performance

The stock has a market capitalization of $1.58 billion, a P/E ratio of 20.16 and a beta of 0.98. The business’s 50 day simple moving average is $109.98 and its 200-day simple moving average is $105.55.

Hedge Funds Weigh In On Invesco S&P 100 Equal Weight ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Arkadios Wealth Advisors boosted its position in shares of Invesco S&P 100 Equal Weight ETF by 24.2% during the first quarter. Arkadios Wealth Advisors now owns 3,446 shares of the company’s stock worth $355,000 after purchasing an additional 671 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Invesco S&P 100 Equal Weight ETF by 68.5% during the fourth quarter. Jane Street Group LLC now owns 7,129 shares of the company’s stock worth $729,000 after purchasing an additional 2,899 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Invesco S&P 100 Equal Weight ETF by 10.2% during the fourth quarter. JPMorgan Chase & Co. now owns 5,494 shares of the company’s stock worth $562,000 after purchasing an additional 509 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Invesco S&P 100 Equal Weight ETF during the fourth quarter worth $841,000. Finally, Cetera Investment Advisers boosted its position in shares of Invesco S&P 100 Equal Weight ETF by 13.2% during the fourth quarter. Cetera Investment Advisers now owns 460,247 shares of the company’s stock worth $47,074,000 after purchasing an additional 53,496 shares in the last quarter.

About Invesco S&P 100 Equal Weight ETF

PowerShares Fundamental Pure Large Core Portfolio (the Fund), formerly PowerShares Dynamic Large Cap Portfolio, is based on the RAFI Fundamental Large Core Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is consisted of common stocks of large core United States companies, including real estate investment trusts (REITs), from a universe consisted of the 2,500 largest United States companies.