Graney & King LLC Takes $143,000 Position in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)

Graney & King LLC acquired a new stake in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,401 shares of the company’s stock, valued at approximately $143,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Glass Jacobson Investment Advisors llc bought a new position in Invesco S&P 100 Equal Weight ETF in the third quarter worth approximately $36,000. Harbour Investments Inc. grew its position in shares of Invesco S&P 100 Equal Weight ETF by 2,976.9% during the 4th quarter. Harbour Investments Inc. now owns 400 shares of the company’s stock valued at $41,000 after acquiring an additional 387 shares during the period. US Bancorp DE grew its position in shares of Invesco S&P 100 Equal Weight ETF by 40.5% in the fourth quarter. US Bancorp DE now owns 684 shares of the company’s stock valued at $70,000 after purchasing an additional 197 shares during the period. Wintrust Investments LLC raised its position in shares of Invesco S&P 100 Equal Weight ETF by 20.0% in the fourth quarter. Wintrust Investments LLC now owns 900 shares of the company’s stock valued at $92,000 after buying an additional 150 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in Invesco S&P 100 Equal Weight ETF during the third quarter worth $153,000.

Invesco S&P 100 Equal Weight ETF Stock Performance

Shares of NYSEARCA:EQWL opened at $104.59 on Wednesday. The business has a 50-day moving average price of $105.63 and a 200 day moving average price of $104.20. Invesco S&P 100 Equal Weight ETF has a 12-month low of $89.82 and a 12-month high of $108.44. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 20.53 and a beta of 0.98.

Invesco S&P 100 Equal Weight ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be given a $0.5309 dividend. The ex-dividend date is Monday, March 24th. This is a positive change from Invesco S&P 100 Equal Weight ETF’s previous dividend of $0.48.

About Invesco S&P 100 Equal Weight ETF

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.