Ameriprise Financial Inc. Makes New $638,000 Investment in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

Ameriprise Financial Inc. purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,206 shares of the company’s stock, valued at approximately $638,000. Ameriprise Financial Inc. owned about 0.10% of Invesco Russell 1000 Equal Weight ETF at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EQAL. Jones Financial Companies Lllp lifted its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 249.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,176 shares of the company’s stock valued at $57,000 after purchasing an additional 839 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 31.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,061 shares of the company’s stock valued at $196,000 after purchasing an additional 978 shares during the last quarter. Bernard Wealth Management Corp. purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 4th quarter valued at about $210,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 4th quarter valued at about $212,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 4th quarter valued at about $243,000.

Invesco Russell 1000 Equal Weight ETF Stock Performance

Invesco Russell 1000 Equal Weight ETF stock opened at $48.24 on Wednesday. Invesco Russell 1000 Equal Weight ETF has a fifty-two week low of $40.85 and a fifty-two week high of $52.18. The company has a market capitalization of $628.57 million, a P/E ratio of 18.46 and a beta of 1.02. The stock has a 50-day simple moving average of $46.04 and a 200-day simple moving average of $48.25.

About Invesco Russell 1000 Equal Weight ETF

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.