Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Sees Large Volume Increase – What’s Next?

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) saw unusually-strong trading volume on Tuesday . Approximately 126,256 shares changed hands during trading, an increase of 375% from the previous session’s volume of 26,568 shares.The stock last traded at $50.52 and had previously closed at $50.94.

Invesco Russell 1000 Equal Weight ETF Trading Down 0.7 %

The firm has a fifty day simple moving average of $48.55 and a two-hundred day simple moving average of $46.58. The stock has a market cap of $660.26 million, a PE ratio of 16.01 and a beta of 0.95.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC boosted its position in Invesco Russell 1000 Equal Weight ETF by 41.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 13,083 shares of the company’s stock valued at $604,000 after acquiring an additional 3,863 shares in the last quarter. Avantax Advisory Services Inc. purchased a new position in Invesco Russell 1000 Equal Weight ETF in the first quarter worth about $844,000. Wintrust Investments LLC raised its position in Invesco Russell 1000 Equal Weight ETF by 28.2% in the first quarter. Wintrust Investments LLC now owns 52,960 shares of the company’s stock worth $2,446,000 after acquiring an additional 11,635 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Invesco Russell 1000 Equal Weight ETF by 26.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 54,468 shares of the company’s stock worth $2,432,000 after buying an additional 11,524 shares during the period. Finally, Capital Advisors Ltd. LLC raised its position in shares of Invesco Russell 1000 Equal Weight ETF by 0.9% during the second quarter. Capital Advisors Ltd. LLC now owns 47,295 shares of the company’s stock valued at $2,112,000 after buying an additional 425 shares during the last quarter.

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.