Bingham Private Wealth LLC Buys New Position in Invesco Russell 1000 Equal Weight ETF $EQAL

Bingham Private Wealth LLC bought a new stake in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 45,218 shares of the company’s stock, valued at approximately $2,380,000. Invesco Russell 1000 Equal Weight ETF makes up about 2.0% of Bingham Private Wealth LLC’s investment portfolio, making the stock its 9th biggest position. Bingham Private Wealth LLC owned about 0.35% of Invesco Russell 1000 Equal Weight ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Lodestone Wealth Management LLC purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF during the fourth quarter worth approximately $81,000. Jones Financial Companies Lllp increased its stake in shares of Invesco Russell 1000 Equal Weight ETF by 15.1% in the third quarter. Jones Financial Companies Lllp now owns 3,818 shares of the company’s stock worth $198,000 after buying an additional 501 shares during the period. Fiduciary Financial Group LLC bought a new stake in Invesco Russell 1000 Equal Weight ETF in the third quarter valued at $203,000. Cahill Financial Advisors Inc. bought a new stake in Invesco Russell 1000 Equal Weight ETF in the third quarter valued at $208,000. Finally, Captrust Financial Advisors bought a new stake in Invesco Russell 1000 Equal Weight ETF in the second quarter valued at $203,000.

Invesco Russell 1000 Equal Weight ETF Trading Up 0.2%

Shares of EQAL stock opened at $57.20 on Wednesday. The company’s fifty day moving average price is $56.09 and its 200-day moving average price is $53.97. The stock has a market cap of $776.78 million, a PE ratio of 18.07 and a beta of 0.94. Invesco Russell 1000 Equal Weight ETF has a 12 month low of $42.93 and a 12 month high of $58.01.

Invesco Russell 1000 Equal Weight ETF 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.