SFE Investment Counsel Trims Stake in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

SFE Investment Counsel lessened its stake in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 8.9% during the 4th quarter, HoldingsChannel reports. The firm owned 29,632 shares of the company’s stock after selling 2,901 shares during the quarter. SFE Investment Counsel’s holdings in Invesco Russell 1000 Equal Weight ETF were worth $1,431,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. FMR LLC boosted its holdings in Invesco Russell 1000 Equal Weight ETF by 25.1% in the 3rd quarter. FMR LLC now owns 2,266 shares of the company’s stock worth $110,000 after buying an additional 454 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Invesco Russell 1000 Equal Weight ETF during the third quarter valued at approximately $386,000. Orion Portfolio Solutions LLC purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF in the third quarter valued at approximately $477,000. Janney Montgomery Scott LLC boosted its stake in shares of Invesco Russell 1000 Equal Weight ETF by 12.8% in the third quarter. Janney Montgomery Scott LLC now owns 15,189 shares of the company’s stock worth $739,000 after acquiring an additional 1,720 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Invesco Russell 1000 Equal Weight ETF by 8.7% during the third quarter. Thrivent Financial for Lutherans now owns 18,804 shares of the company’s stock worth $915,000 after purchasing an additional 1,498 shares in the last quarter.

Invesco Russell 1000 Equal Weight ETF Stock Performance

NYSEARCA EQAL opened at $49.55 on Thursday. The business has a fifty day moving average price of $49.56 and a 200 day moving average price of $48.72. The company has a market cap of $654.06 million, a P/E ratio of 16.01 and a beta of 0.95. Invesco Russell 1000 Equal Weight ETF has a one year low of $42.69 and a one year high of $52.18.

Invesco Russell 1000 Equal Weight ETF Company 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.