Cetera Investment Advisers Sells 376 Shares of Invesco Russell 1000 Equal Weight ETF $EQAL

Cetera Investment Advisers trimmed its position in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 4.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,164 shares of the company’s stock after selling 376 shares during the quarter. Cetera Investment Advisers owned 0.06% of Invesco Russell 1000 Equal Weight ETF worth $386,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the first quarter worth $40,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the first quarter worth $76,000. Bernard Wealth Management Corp. bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the fourth quarter worth $143,000. Tower Research Capital LLC TRC grew its stake in shares of Invesco Russell 1000 Equal Weight ETF by 31.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,061 shares of the company’s stock worth $196,000 after buying an additional 978 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Invesco Russell 1000 Equal Weight ETF by 7.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,501 shares of the company’s stock worth $411,000 after buying an additional 575 shares during the last quarter.

Invesco Russell 1000 Equal Weight ETF Stock Performance

NYSEARCA EQAL opened at $50.60 on Tuesday. The firm’s fifty day moving average price is $49.74 and its two-hundred day moving average price is $48.14. The stock has a market cap of $667.92 million, a PE ratio of 18.07 and a beta of 1.11. Invesco Russell 1000 Equal Weight ETF has a fifty-two week low of $40.85 and a fifty-two week high of $52.18.

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.