Runnymede Capital Advisors Inc. Acquires New Stake in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

Runnymede Capital Advisors Inc. purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,386 shares of the company’s stock, valued at approximately $212,000.

Several other hedge funds have also made changes to their positions in the business. HighTower Advisors LLC lifted its position in Invesco Russell 1000 Equal Weight ETF by 5.8% during the fourth quarter. HighTower Advisors LLC now owns 5,579 shares of the company’s stock worth $269,000 after buying an additional 306 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 19,219 shares of the company’s stock worth $979,000 after acquiring an additional 415 shares during the period. FMR LLC boosted its position in shares of Invesco Russell 1000 Equal Weight ETF by 25.1% in the third quarter. FMR LLC now owns 2,266 shares of the company’s stock worth $110,000 after acquiring an additional 454 shares during the last quarter. Davis Investment Partners LLC grew its holdings in Invesco Russell 1000 Equal Weight ETF by 2.2% in the fourth quarter. Davis Investment Partners LLC now owns 37,733 shares of the company’s stock valued at $1,809,000 after purchasing an additional 802 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in Invesco Russell 1000 Equal Weight ETF by 249.0% in the fourth quarter. Jones Financial Companies Lllp now owns 1,176 shares of the company’s stock valued at $57,000 after purchasing an additional 839 shares during the period.

Invesco Russell 1000 Equal Weight ETF Stock Down 0.5 %

NYSEARCA:EQAL opened at $47.66 on Friday. Invesco Russell 1000 Equal Weight ETF has a fifty-two week low of $43.26 and a fifty-two week high of $52.18. The firm’s 50 day moving average is $49.16 and its two-hundred day moving average is $49.13. The company has a market cap of $611.48 million, a P/E ratio of 18.50 and a beta of 1.12.

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.