Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Hits New 1-Year High – What’s Next?

Posted by Doug Madison on Nov 9th, 2024

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $50.00 and last traded at $50.00, with a volume of 233 shares. The stock had previously closed at $48.92.

Invesco Russell 1000 Equal Weight ETF Stock Up 0.7 %

The company has a fifty day simple moving average of $48.35 and a 200 day simple moving average of $46.43. The firm has a market capitalization of $667.02 million, a P/E ratio of 16.01 and a beta of 0.95.

Institutional Investors Weigh In On Invesco Russell 1000 Equal Weight ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Goodman Advisory Group LLC purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF in the second quarter worth $34,000. Fiduciary Financial Group LLC purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF in the third quarter worth $202,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco Russell 1000 Equal Weight ETF by 31.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,800 shares of the company’s stock worth $348,000 after purchasing an additional 1,876 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF in the third quarter worth $386,000. Finally, Total Clarity Wealth Management Inc. purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF in the second quarter worth $403,000.

About Invesco Russell 1000 Equal Weight ETF

(Get Free Report)

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.