Raymond James & Associates Increases Holdings in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)

Raymond James & Associates increased its holdings in shares of Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) by 139.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,544 shares of the company’s stock after purchasing an additional 5,559 shares during the quarter. Raymond James & Associates’ holdings in Invesco S&P 100 Equal Weight ETF were worth $836,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its holdings in Invesco S&P 100 Equal Weight ETF by 13.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 22,261 shares of the company’s stock valued at $1,749,000 after acquiring an additional 2,706 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Invesco S&P 100 Equal Weight ETF by 96.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 64,665 shares of the company’s stock worth $5,080,000 after purchasing an additional 31,811 shares during the last quarter. Fiduciary Planning LLC purchased a new stake in shares of Invesco S&P 100 Equal Weight ETF in the third quarter worth about $6,865,000. Kingsview Wealth Management LLC bought a new position in Invesco S&P 100 Equal Weight ETF during the third quarter valued at approximately $455,000. Finally, Atria Wealth Solutions Inc. purchased a new position in Invesco S&P 100 Equal Weight ETF during the 3rd quarter valued at approximately $233,000.

Invesco S&P 100 Equal Weight ETF Price Performance

NYSEARCA:EQWL opened at $91.12 on Tuesday. The company has a market cap of $613.24 million, a price-to-earnings ratio of 21.70 and a beta of 0.86. Invesco S&P 100 Equal Weight ETF has a 1 year low of $74.80 and a 1 year high of $95.23. The stock’s 50 day simple moving average is $92.12 and its two-hundred day simple moving average is $86.78.

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.