Commonwealth Equity Services LLC Raises Holdings in ALPS Equal Sector Weight ETF (NYSEARCA:EQL)

Commonwealth Equity Services LLC grew its stake in ALPS Equal Sector Weight ETF (NYSEARCA:EQL) by 7.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,620 shares of the company’s stock after buying an additional 757 shares during the quarter. Commonwealth Equity Services LLC’s holdings in ALPS Equal Sector Weight ETF were worth $1,455,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in EQL. Raymond James Financial Inc. purchased a new position in ALPS Equal Sector Weight ETF in the fourth quarter worth approximately $35,317,000. PUREfi Wealth LLC acquired a new stake in shares of ALPS Equal Sector Weight ETF in the 4th quarter valued at $1,881,000. CreativeOne Wealth LLC purchased a new stake in shares of ALPS Equal Sector Weight ETF during the 3rd quarter worth $764,000. Delta Capital Management LLC acquired a new position in shares of ALPS Equal Sector Weight ETF during the fourth quarter worth $338,000. Finally, BostonPremier Wealth LLC purchased a new position in ALPS Equal Sector Weight ETF in the fourth quarter valued at $273,000.

ALPS Equal Sector Weight ETF Price Performance

ALPS Equal Sector Weight ETF stock opened at $124.99 on Friday. The stock has a market cap of $484.96 million, a PE ratio of 22.58 and a beta of 0.97. The stock’s fifty day moving average is $128.70 and its two-hundred day moving average is $128.28. ALPS Equal Sector Weight ETF has a 1-year low of $112.38 and a 1-year high of $133.48.

ALPS Equal Sector Weight ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th will be given a dividend of $0.5074 per share. The ex-dividend date is Wednesday, March 26th. This is a positive change from ALPS Equal Sector Weight ETF’s previous dividend of $0.49.

ALPS Equal Sector Weight ETF Company Profile

The ALPS Equal Sector Weight ETF (EQL) is an exchange-traded fund that is based on the NYSE Select Sector Equal Weight index. The fund tracks an equal-weighted index of all select sector SPDR ETFs. EQL was launched on Jul 7, 2009 and is managed by ALPS.