Raymond James Financial Inc. Increases Position in Invesco Russell 1000 Equal Weight ETF $EQAL

Raymond James Financial Inc. increased its stake in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 1,045.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,149 shares of the company’s stock after purchasing an additional 89,581 shares during the quarter. Raymond James Financial Inc.’s holdings in Invesco Russell 1000 Equal Weight ETF were worth $4,639,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EQAL. Ameriprise Financial Inc. acquired a new position in Invesco Russell 1000 Equal Weight ETF during the 4th quarter valued at about $638,000. Bank of America Corp DE grew its stake in shares of Invesco Russell 1000 Equal Weight ETF by 3.6% during the fourth quarter. Bank of America Corp DE now owns 626,197 shares of the company’s stock worth $30,245,000 after acquiring an additional 21,906 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 3.3% during the fourth quarter. Baird Financial Group Inc. now owns 20,007 shares of the company’s stock valued at $966,000 after acquiring an additional 632 shares in the last quarter. Napa Wealth Management purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF in the 4th quarter valued at approximately $710,000. Finally, Wick Capital Partners LLC boosted its stake in Invesco Russell 1000 Equal Weight ETF by 3.2% in the 4th quarter. Wick Capital Partners LLC now owns 83,518 shares of the company’s stock worth $4,034,000 after purchasing an additional 2,581 shares in the last quarter.

Invesco Russell 1000 Equal Weight ETF Trading Up 0.4%

NYSEARCA:EQAL opened at $51.99 on Friday. The company has a market capitalization of $686.27 million, a P/E ratio of 18.07 and a beta of 1.11. Invesco Russell 1000 Equal Weight ETF has a 12 month low of $40.85 and a 12 month high of $52.26. The firm has a fifty day simple moving average of $50.54 and a 200-day simple moving average of $48.31.

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.