Commonwealth Equity Services LLC Buys 757 Shares of ALPS Equal Sector Weight ETF (NYSEARCA:EQL)

Commonwealth Equity Services LLC lifted its stake in ALPS Equal Sector Weight ETF (NYSEARCA:EQL) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,620 shares of the company’s stock after acquiring an additional 757 shares during the period. Commonwealth Equity Services LLC owned 0.40% of ALPS Equal Sector Weight ETF worth $1,455,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of ALPS Equal Sector Weight ETF during the fourth quarter worth $35,317,000. Jones Financial Companies Lllp increased its holdings in shares of ALPS Equal Sector Weight ETF by 36.2% during the fourth quarter. Jones Financial Companies Lllp now owns 1,538 shares of the company’s stock valued at $193,000 after acquiring an additional 409 shares in the last quarter. PUREfi Wealth LLC acquired a new position in shares of ALPS Equal Sector Weight ETF during the fourth quarter valued at about $1,881,000. BostonPremier Wealth LLC acquired a new stake in ALPS Equal Sector Weight ETF in the 4th quarter worth approximately $273,000. Finally, Stratos Wealth Partners LTD. grew its position in ALPS Equal Sector Weight ETF by 3.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 12,617 shares of the company’s stock worth $1,580,000 after purchasing an additional 432 shares during the last quarter.

ALPS Equal Sector Weight ETF Trading Down 1.3 %

NYSEARCA EQL opened at $124.99 on Friday. ALPS Equal Sector Weight ETF has a 12-month low of $112.38 and a 12-month high of $133.48. The company has a fifty day simple moving average of $128.70 and a two-hundred day simple moving average of $128.28. The stock has a market cap of $484.96 million, a P/E ratio of 22.58 and a beta of 0.97.

ALPS Equal Sector Weight ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 26th will be paid a $0.5074 dividend. This is a positive change from ALPS Equal Sector Weight ETF’s previous dividend of $0.49. The ex-dividend date is Wednesday, March 26th.

About ALPS Equal Sector Weight ETF

The ALPS Equal Sector Weight ETF (EQL) is an exchange-traded fund that is based on the NYSE Select Sector Equal Weight index. The fund tracks an equal-weighted index of all select sector SPDR ETFs. EQL was launched on Jul 7, 2009 and is managed by ALPS.