Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Sees Unusually-High Trading Volume

Shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) saw unusually-high trading volume on Thursday . Approximately 93,227 shares changed hands during mid-day trading, an increase of 211% from the previous session’s volume of 29,969 shares.The stock last traded at $43.46 and had previously closed at $43.33.

Invesco Russell 1000 Equal Weight ETF Trading Up 0.2 %

The company has a market cap of $670.53 million, a PE ratio of 16.57 and a beta of 1.11. The stock has a 50 day moving average price of $44.66 and a 200 day moving average price of $42.55.

Institutional Investors Weigh In On Invesco Russell 1000 Equal Weight ETF

Several hedge funds have recently bought and sold shares of the business. Blair William & Co. IL purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the first quarter worth $61,000. Allworth Financial LP purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the fourth quarter worth $62,000. Comerica Bank purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the third quarter worth $65,000. Aptus Capital Advisors LLC bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the third quarter valued at approximately $75,000. Finally, Harbour Investments Inc. raised its holdings in Invesco Russell 1000 Equal Weight ETF by 357.9% in the 2nd quarter. Harbour Investments Inc. now owns 2,120 shares of the company’s stock worth $89,000 after acquiring an additional 1,657 shares during the last quarter.

About Invesco Russell 1000 Equal Weight ETF

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.