SFE Investment Counsel Decreases Position in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

SFE Investment Counsel trimmed its holdings in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,632 shares of the company’s stock after selling 2,901 shares during the quarter. SFE Investment Counsel owned 0.22% of Invesco Russell 1000 Equal Weight ETF worth $1,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its stake in Invesco Russell 1000 Equal Weight ETF by 25.1% during 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. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Invesco Russell 1000 Equal Weight ETF in the 3rd quarter valued at $386,000. Orion Portfolio Solutions LLC acquired a new position in shares of Invesco Russell 1000 Equal Weight ETF in the 3rd quarter valued at $477,000. Janney Montgomery Scott LLC raised its stake in Invesco Russell 1000 Equal Weight ETF by 12.8% in the 3rd 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 lifted its position in Invesco Russell 1000 Equal Weight ETF by 8.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 18,804 shares of the company’s stock worth $915,000 after acquiring an additional 1,498 shares during the period.

Invesco Russell 1000 Equal Weight ETF Stock Performance

Shares of EQAL stock opened at $49.55 on Thursday. Invesco Russell 1000 Equal Weight ETF has a fifty-two week low of $42.69 and a fifty-two week high of $52.18. The firm has a market capitalization of $654.06 million, a PE ratio of 16.01 and a beta of 0.95. The stock’s 50-day simple moving average is $49.56 and its 200-day simple moving average is $48.72.

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.