Envestnet Asset Management Inc. Increases Stake in Invesco S&P 100 Equal Weight ETF $EQWL

Envestnet Asset Management Inc. grew its holdings in shares of Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) by 14.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,817 shares of the company’s stock after purchasing an additional 11,611 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.57% of Invesco S&P 100 Equal Weight ETF worth $10,300,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Cetera Investment Advisers boosted its position in Invesco S&P 100 Equal Weight ETF by 5.9% during the second quarter. Cetera Investment Advisers now owns 550,308 shares of the company’s stock worth $60,517,000 after acquiring an additional 30,535 shares during the last quarter. RFP Financial Group LLC purchased a new position in Invesco S&P 100 Equal Weight ETF in the 2nd quarter worth approximately $51,869,000. Ameriprise Financial Inc. lifted its stake in Invesco S&P 100 Equal Weight ETF by 60.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 444,410 shares of the company’s stock worth $48,864,000 after purchasing an additional 166,901 shares in the last quarter. Altus Wealth Management LLC boosted its holdings in shares of Invesco S&P 100 Equal Weight ETF by 1.5% during the 3rd quarter. Altus Wealth Management LLC now owns 299,901 shares of the company’s stock worth $34,393,000 after purchasing an additional 4,512 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Invesco S&P 100 Equal Weight ETF by 24.7% in the third quarter. Jones Financial Companies Lllp now owns 179,426 shares of the company’s stock valued at $20,526,000 after purchasing an additional 35,513 shares in the last quarter.

Invesco S&P 100 Equal Weight ETF Stock Performance

NYSEARCA:EQWL opened at $122.06 on Thursday. Invesco S&P 100 Equal Weight ETF has a one year low of $89.16 and a one year high of $123.35. The stock has a market cap of $2.23 billion, a PE ratio of 20.16 and a beta of 0.95. The stock has a 50 day moving average price of $120.17 and a 200 day moving average price of $116.47.

Invesco S&P 100 Equal Weight ETF Profile

PowerShares Fundamental Pure Large Core Portfolio (the Fund), formerly PowerShares Dynamic Large Cap Portfolio, is based on the RAFI Fundamental Large Core Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is consisted of common stocks of large core United States companies, including real estate investment trusts (REITs), from a universe consisted of the 2,500 largest United States companies. The Fund invests in sectors, such as consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, telecommunication services and utilities.