Shade Tree Advisors LLC Makes New Investment in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

Shade Tree Advisors LLC acquired a new position in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 20,552 shares of the company’s stock, valued at approximately $993,000. Invesco Russell 1000 Equal Weight ETF accounts for 1.0% of Shade Tree Advisors LLC’s investment portfolio, making the stock its 11th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of EQAL. FMR LLC increased 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 valued at $110,000 after purchasing an additional 454 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Invesco Russell 1000 Equal Weight ETF by 10.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 16,774 shares of the company’s stock worth $810,000 after buying an additional 1,585 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the fourth quarter valued at about $5,398,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the 3rd quarter valued at about $386,000. Finally, Davis Investment Partners LLC lifted its position in Invesco Russell 1000 Equal Weight ETF by 2.2% during the 4th quarter. Davis Investment Partners LLC now owns 37,733 shares of the company’s stock worth $1,809,000 after acquiring an additional 802 shares in the last quarter.

Invesco Russell 1000 Equal Weight ETF Stock Down 0.2 %

Shares of NYSEARCA:EQAL opened at $49.87 on Wednesday. The company has a market capitalization of $658.28 million, a price-to-earnings ratio of 16.01 and a beta of 0.95. The company has a 50 day moving average of $49.60 and a two-hundred day moving average of $48.69. Invesco Russell 1000 Equal Weight ETF has a 52-week low of $42.69 and a 52-week 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.