Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Shares Sold by Choate Investment Advisors

Choate Investment Advisors lowered its position in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 30.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,265 shares of the company’s stock after selling 3,120 shares during the period. Choate Investment Advisors’ holdings in Invesco Russell 1000 Equal Weight ETF were worth $351,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EQAL. Jones Financial Companies Lllp increased its position in shares of Invesco Russell 1000 Equal Weight ETF by 249.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,176 shares of the company’s stock worth $57,000 after purchasing an additional 839 shares in the last quarter. FMR LLC grew its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 25.1% during the third 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. Valeo Financial Advisors LLC purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF during the fourth quarter worth about $243,000. HighTower Advisors LLC grew its holdings in shares of 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 last quarter. Finally, Retirement Income Solutions Inc purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF during the fourth quarter worth about $298,000.

Invesco Russell 1000 Equal Weight ETF Trading Up 1.5 %

Shares of EQAL opened at $47.91 on Tuesday. Invesco Russell 1000 Equal Weight ETF has a twelve month low of $43.26 and a twelve month high of $52.18. The stock’s 50 day moving average is $49.20 and its two-hundred day moving average is $49.15. The firm has a market capitalization of $615.64 million, a PE ratio of 19.28 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.