Sanders Morris Harris LLC Raises Stake in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)

Sanders Morris Harris LLC increased its stake in shares of Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) by 2,475.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,005 shares of the company’s stock after buying an additional 57,675 shares during the period. Invesco S&P 100 Equal Weight ETF comprises about 0.9% of Sanders Morris Harris LLC’s holdings, making the stock its 17th biggest position. Sanders Morris Harris LLC owned about 0.89% of Invesco S&P 100 Equal Weight ETF worth $6,137,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Glass Jacobson Investment Advisors llc bought a new stake in Invesco S&P 100 Equal Weight ETF during the 3rd quarter valued at $36,000. US Bancorp DE bought a new position in Invesco S&P 100 Equal Weight ETF in the 3rd quarter worth about $50,000. Pinnacle Bancorp Inc. purchased a new position in Invesco S&P 100 Equal Weight ETF during the 3rd quarter valued at about $64,000. EP Wealth Advisors LLC bought a new stake in shares of Invesco S&P 100 Equal Weight ETF during the third quarter valued at about $153,000. Finally, FMR LLC lifted its holdings in shares of Invesco S&P 100 Equal Weight ETF by 25.7% in the third quarter. FMR LLC now owns 1,536 shares of the company’s stock worth $157,000 after buying an additional 314 shares in the last quarter.

Invesco S&P 100 Equal Weight ETF Price Performance

Shares of NYSEARCA:EQWL opened at $103.34 on Thursday. The company has a market cap of $695.48 million, a price-to-earnings ratio of 22.06 and a beta of 0.83. The firm has a fifty day moving average price of $104.57 and a two-hundred day moving average price of $101.20. Invesco S&P 100 Equal Weight ETF has a one year low of $86.15 and a one year high of $107.90.

Invesco S&P 100 Equal Weight ETF Company Profile

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.