111,770 Shares in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Purchased by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC bought a new stake in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 111,770 shares of the company’s stock, valued at approximately $5,398,000. Strategic Financial Concepts LLC owned approximately 0.85% of Invesco Russell 1000 Equal Weight ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Miracle Mile Advisors LLC acquired a new position in shares of Invesco Russell 1000 Equal Weight ETF in the fourth quarter valued at approximately $4,143,000. Davis Investment Partners LLC grew its stake in shares of Invesco Russell 1000 Equal Weight ETF by 2.2% in the fourth quarter. Davis Investment Partners LLC now owns 37,733 shares of the company’s stock worth $1,809,000 after acquiring an additional 802 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Invesco Russell 1000 Equal Weight ETF by 8.7% in the third quarter. Thrivent Financial for Lutherans now owns 18,804 shares of the company’s stock worth $915,000 after acquiring an additional 1,498 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Invesco Russell 1000 Equal Weight ETF by 10.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 16,774 shares of the company’s stock worth $810,000 after acquiring an additional 1,585 shares during the period. Finally, Creative Planning acquired a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the second quarter valued at $512,000.

Invesco Russell 1000 Equal Weight ETF Price Performance

EQAL opened at $49.77 on Monday. The business has a fifty day moving average price of $49.63 and a 200 day moving average price of $48.64. Invesco Russell 1000 Equal Weight ETF has a 12 month low of $42.69 and a 12 month high of $52.18. The stock has a market capitalization of $656.96 million, a price-to-earnings ratio of 16.01 and a beta of 0.95.

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.