Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its position in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 8.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,977 shares of the company’s stock after selling 1,885 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.15% of Invesco Russell 1000 Equal Weight ETF worth $892,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Avantax Advisory Services Inc. purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the first quarter valued at approximately $844,000. Capital Advisors Ltd. LLC grew its position in shares of Invesco Russell 1000 Equal Weight ETF by 0.9% in the second quarter. Capital Advisors Ltd. LLC now owns 47,295 shares of the company’s stock valued at $2,112,000 after purchasing an additional 425 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the first quarter valued at approximately $203,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the fourth quarter valued at approximately $110,000. Finally, Janney Montgomery Scott LLC grew its position in shares of Invesco Russell 1000 Equal Weight ETF by 41.9% in the first quarter. Janney Montgomery Scott LLC now owns 13,083 shares of the company’s stock valued at $604,000 after purchasing an additional 3,863 shares in the last quarter.

Invesco Russell 1000 Equal Weight ETF Price Performance

EQAL stock opened at $47.89 on Wednesday. The business has a 50 day simple moving average of $46.35 and a 200-day simple moving average of $45.42. The firm has a market capitalization of $632.15 million, a PE ratio of 16.01 and a beta of 0.95. Invesco Russell 1000 Equal Weight ETF has a 1 year low of $37.35 and a 1 year high of $48.19.

Invesco Russell 1000 Equal Weight ETF 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.