Truist Financial Corp Takes $312,000 Position in Invesco Russell 1000 Equal Weight ETF $EQAL

Truist Financial Corp purchased a new stake in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,338 shares of the company’s stock, valued at approximately $312,000.

A number of other hedge funds also recently made changes to their positions in the stock. HighTower Advisors LLC boosted its stake in shares of Invesco Russell 1000 Equal Weight ETF by 4.8% in the 1st quarter. HighTower Advisors LLC now owns 5,848 shares of the company’s stock valued at $276,000 after purchasing an additional 269 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Invesco Russell 1000 Equal Weight ETF by 7.7% in the 1st quarter. Royal Bank of Canada now owns 6,764 shares of the company’s stock valued at $320,000 after purchasing an additional 484 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Invesco Russell 1000 Equal Weight ETF by 11.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,501 shares of the company’s stock valued at $449,000 after purchasing an additional 1,000 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 1st quarter valued at approximately $76,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Invesco Russell 1000 Equal Weight ETF by 12.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 18,892 shares of the company’s stock valued at $893,000 after purchasing an additional 2,118 shares in the last quarter.

Invesco Russell 1000 Equal Weight ETF Price Performance

Shares of NYSEARCA EQAL opened at $51.84 on Friday. The company has a 50 day simple moving average of $51.66 and a 200 day simple moving average of $49.10. The firm has a market cap of $681.70 million, a PE ratio of 18.07 and a beta of 1.11. Invesco Russell 1000 Equal Weight ETF has a 1 year low of $40.85 and a 1 year high of $52.91.

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.