Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Sees Unusually-High Trading Volume

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) saw strong trading volume on Thursday . 93,227 shares were traded during trading, an increase of 211% from the previous session’s volume of 29,969 shares.The stock last traded at $43.46 and had previously closed at $43.33.

Invesco Russell 1000 Equal Weight ETF Stock Performance

The company has a market capitalization of $574.38 million, a PE ratio of 15.64 and a beta of 0.98. The firm’s 50-day simple moving average is $44.66 and its 200 day simple moving average is $42.59.

Institutional Investors Weigh In On Invesco Russell 1000 Equal Weight ETF

Institutional investors have recently made changes to their positions in the stock. Reliant Wealth Planning acquired a new position in shares of Invesco Russell 1000 Equal Weight ETF during the 3rd quarter worth $13,068,000. Captrust Financial Advisors raised its stake in Invesco Russell 1000 Equal Weight ETF by 393.4% in the 2nd quarter. Captrust Financial Advisors now owns 109,473 shares of the company’s stock valued at $4,297,000 after purchasing an additional 87,284 shares during the last quarter. UBS Group AG raised its stake in Invesco Russell 1000 Equal Weight ETF by 23.4% in the 3rd quarter. UBS Group AG now owns 173,097 shares of the company’s stock valued at $6,903,000 after purchasing an additional 32,852 shares during the last quarter. Jane Street Group LLC acquired a new position in Invesco Russell 1000 Equal Weight ETF in the 2nd quarter valued at about $1,283,000. Finally, Bank of America Corp DE raised its stake in Invesco Russell 1000 Equal Weight ETF by 51.1% in the 4th quarter. Bank of America Corp DE now owns 69,928 shares of the company’s stock valued at $2,810,000 after purchasing an additional 23,642 shares during the last quarter.

About Invesco Russell 1000 Equal Weight ETF

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.