Envestnet Asset Management Inc. Lowers Stock Position in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

Envestnet Asset Management Inc. decreased its holdings in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL – Get Rating) by 19.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,957 shares of the company’s stock after selling 6,072 shares during the period. Envestnet Asset Management Inc. owned about 0.17% of Invesco Russell 1000 Equal Weight ETF worth $1,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Baird Financial Group Inc. raised its stake in Invesco Russell 1000 Equal Weight ETF by 5.0% in the first quarter. Baird Financial Group Inc. now owns 11,139 shares of the company’s stock valued at $518,000 after buying an additional 527 shares in the last quarter. UBS Group AG raised its stake in Invesco Russell 1000 Equal Weight ETF by 1.0% during the 1st quarter. UBS Group AG now owns 91,450 shares of the company’s stock worth $4,252,000 after acquiring an additional 916 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 1st quarter valued at about $596,000. Captrust Financial Advisors acquired a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 1st quarter valued at about $1,032,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 23.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 10,618 shares of the company’s stock valued at $493,000 after acquiring an additional 2,012 shares during the period.

Invesco Russell 1000 Equal Weight ETF Stock Performance

EQAL stock opened at $39.20 on Friday. Invesco Russell 1000 Equal Weight ETF has a one year low of $36.28 and a one year high of $45.04. The stock has a market capitalization of $589.17 million, a PE ratio of 16.57 and a beta of 1.11. The company has a fifty day moving average of $40.18 and a 200-day moving average of $41.20.

About Invesco Russell 1000 Equal Weight ETF

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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.