Envestnet Asset Management Inc. Raises Holdings in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

Envestnet Asset Management Inc. boosted its holdings in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,744 shares of the company’s stock after buying an additional 940 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.26% of Invesco Russell 1000 Equal Weight ETF worth $1,678,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Davis Investment Partners LLC boosted its position in shares of Invesco Russell 1000 Equal Weight ETF by 2.2% in the 4th quarter. Davis Investment Partners LLC now owns 37,733 shares of the company’s stock worth $1,809,000 after purchasing an additional 802 shares in the last quarter. Miracle Mile Advisors LLC purchased a new stake in Invesco Russell 1000 Equal Weight ETF in the fourth quarter valued at about $4,143,000. Janney Montgomery Scott LLC raised its stake in Invesco Russell 1000 Equal Weight ETF by 10.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 16,774 shares of the company’s stock valued at $810,000 after buying an additional 1,585 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in Invesco Russell 1000 Equal Weight ETF in the fourth quarter valued at about $5,398,000. Finally, Shade Tree Advisors LLC purchased a new stake in Invesco Russell 1000 Equal Weight ETF in the fourth quarter valued at about $993,000.

Invesco Russell 1000 Equal Weight ETF Stock Performance

Invesco Russell 1000 Equal Weight ETF stock opened at $45.73 on Tuesday. The stock has a 50-day moving average of $46.44 and a two-hundred day moving average of $48.60. Invesco Russell 1000 Equal Weight ETF has a one year low of $40.85 and a one year high of $52.18. The stock has a market cap of $591.29 million, a PE ratio of 17.50 and a beta of 1.06.

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.