Merit Financial Group LLC Boosts Stake in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)

Merit Financial Group LLC boosted its position in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) by 19.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,945 shares of the company’s stock after acquiring an additional 7,570 shares during the quarter. Merit Financial Group LLC owned 0.70% of Invesco S&P 100 Equal Weight ETF worth $4,802,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. PSI Advisors LLC boosted its position in Invesco S&P 100 Equal Weight ETF by 4.0% during the 3rd quarter. PSI Advisors LLC now owns 2,885 shares of the company’s stock valued at $295,000 after buying an additional 110 shares during the period. Carnegie Investment Counsel boosted its holdings in Invesco S&P 100 Equal Weight ETF by 2.7% in the third quarter. Carnegie Investment Counsel now owns 8,728 shares of the company’s stock valued at $893,000 after acquiring an additional 229 shares in the last quarter. FMR LLC increased its position in Invesco S&P 100 Equal Weight ETF by 25.7% during the 3rd quarter. FMR LLC now owns 1,536 shares of the company’s stock valued at $157,000 after purchasing an additional 314 shares during the period. SeaCrest Wealth Management LLC raised its holdings in Invesco S&P 100 Equal Weight ETF by 13.4% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 2,830 shares of the company’s stock worth $290,000 after purchasing an additional 334 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc purchased a new stake in shares of Invesco S&P 100 Equal Weight ETF in the 3rd quarter worth about $36,000.

Invesco S&P 100 Equal Weight ETF Price Performance

Shares of NYSEARCA EQWL opened at $104.44 on Friday. Invesco S&P 100 Equal Weight ETF has a 1 year low of $86.21 and a 1 year high of $107.90. The stock has a market capitalization of $702.88 million, a P/E ratio of 22.06 and a beta of 0.83. The company’s 50-day moving average is $104.50 and its 200 day moving average is $101.34.

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.