Clark Asset Management LLC Invests $1.27 Million in Invesco Russell 1000 Equal Weight ETF $EQAL

Clark Asset Management LLC bought a new position in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 24,192 shares of the company’s stock, valued at approximately $1,273,000. Clark Asset Management LLC owned approximately 0.19% of Invesco Russell 1000 Equal Weight ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Friedenthal Financial increased its holdings in Invesco Russell 1000 Equal Weight ETF by 9.1% in the 4th quarter. Friedenthal Financial now owns 50,093 shares of the company’s stock worth $2,637,000 after acquiring an additional 4,194 shares in the last quarter. Diversified Management Inc. purchased a new stake in Invesco Russell 1000 Equal Weight ETF in the 4th quarter worth approximately $984,000. Bingham Private Wealth LLC purchased a new stake in Invesco Russell 1000 Equal Weight ETF in the 4th quarter worth approximately $2,380,000. Rede Wealth LLC purchased a new stake in Invesco Russell 1000 Equal Weight ETF in the 4th quarter worth approximately $285,000. Finally, Capital Advisors Ltd. LLC increased its holdings in Invesco Russell 1000 Equal Weight ETF by 3.4% in the 4th quarter. Capital Advisors Ltd. LLC now owns 48,534 shares of the company’s stock worth $2,555,000 after acquiring an additional 1,577 shares in the last quarter.

Invesco Russell 1000 Equal Weight ETF Stock Performance

Invesco Russell 1000 Equal Weight ETF stock opened at $58.38 on Monday. The firm has a 50 day moving average of $56.22 and a 200 day moving average of $54.09. The firm has a market capitalization of $799.81 million, a price-to-earnings 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 $58.54.

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.