Kingswood Wealth Advisors LLC Raises Stake in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)

Kingswood Wealth Advisors LLC grew its stake in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) by 61.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,114 shares of the company’s stock after purchasing an additional 6,528 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Invesco S&P 100 Equal Weight ETF were worth $1,617,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of EQWL. Spire Wealth Management purchased a new stake in Invesco S&P 100 Equal Weight ETF in the 4th quarter worth approximately $50,000. Concourse Financial Group Securities Inc. raised its stake in shares of Invesco S&P 100 Equal Weight ETF by 62.2% during the 1st quarter. Concourse Financial Group Securities Inc. now owns 540 shares of the company’s stock worth $51,000 after buying an additional 207 shares during the period. Frazier Financial Advisors LLC acquired a new position in shares of Invesco S&P 100 Equal Weight ETF during the 4th quarter worth approximately $94,000. J.W. Cole Advisors Inc. acquired a new position in shares of Invesco S&P 100 Equal Weight ETF during the 4th quarter worth approximately $207,000. Finally, PSI Advisors LLC raised its stake in shares of Invesco S&P 100 Equal Weight ETF by 159.4% during the 4th quarter. PSI Advisors LLC now owns 2,436 shares of the company’s stock worth $213,000 after buying an additional 1,497 shares during the period.

Invesco S&P 100 Equal Weight ETF Stock Down 0.6 %

Shares of EQWL stock traded down $0.58 during trading hours on Wednesday, hitting $93.24. 43,211 shares of the company’s stock were exchanged, compared to its average volume of 43,641. The firm has a market cap of $627.51 million, a P/E ratio of 22.06 and a beta of 0.83. The firm has a 50 day moving average of $95.15 and a two-hundred day moving average of $93.02. Invesco S&P 100 Equal Weight ETF has a fifty-two week low of $74.80 and a fifty-two week high of $98.85.

Invesco S&P 100 Equal Weight ETF Company 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.