Shade Tree Advisors LLC Buys New Stake in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

Shade Tree Advisors LLC acquired a new position in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 20,552 shares of the company’s stock, valued at approximately $993,000. Invesco Russell 1000 Equal Weight ETF comprises approximately 1.0% of Shade Tree Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. Shade Tree Advisors LLC owned approximately 0.16% of Invesco Russell 1000 Equal Weight ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC increased its stake in Invesco Russell 1000 Equal Weight ETF by 25.1% in the third quarter. FMR LLC now owns 2,266 shares of the company’s stock valued at $110,000 after purchasing an additional 454 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF during the third quarter worth about $386,000. Orion Portfolio Solutions LLC acquired a new position in Invesco Russell 1000 Equal Weight ETF in the 3rd quarter valued at about $477,000. Creative Planning purchased a new stake in Invesco Russell 1000 Equal Weight ETF during the 2nd quarter valued at approximately $512,000. Finally, Janney Montgomery Scott LLC lifted its position in Invesco Russell 1000 Equal Weight ETF by 12.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 15,189 shares of the company’s stock worth $739,000 after acquiring an additional 1,720 shares during the period.

Invesco Russell 1000 Equal Weight ETF Trading Down 0.2 %

Shares of EQAL stock opened at $49.87 on Wednesday. Invesco Russell 1000 Equal Weight ETF has a twelve month low of $42.69 and a twelve month high of $52.18. The business’s 50 day moving average is $49.60 and its two-hundred day moving average is $48.69. The company has a market capitalization of $658.28 million, a P/E ratio of 16.01 and a beta of 0.95.

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.