Envestnet Asset Management Inc. Boosts Stake in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)

Envestnet Asset Management Inc. lifted its holdings in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) by 16.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,751 shares of the company’s stock after buying an additional 7,411 shares during the period. Envestnet Asset Management Inc. owned approximately 0.80% of Invesco S&P 100 Equal Weight ETF worth $5,079,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of EQWL. Cetera Investment Advisers lifted its stake in shares of Invesco S&P 100 Equal Weight ETF by 1,773.7% in the first quarter. Cetera Investment Advisers now owns 251,149 shares of the company’s stock worth $23,832,000 after buying an additional 237,745 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Invesco S&P 100 Equal Weight ETF by 856.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 83,760 shares of the company’s stock worth $7,948,000 after purchasing an additional 75,006 shares during the period. Avantax Advisory Services Inc. raised its stake in Invesco S&P 100 Equal Weight ETF by 2,118.2% during the first quarter. Avantax Advisory Services Inc. now owns 76,395 shares of the company’s stock worth $7,249,000 after purchasing an additional 72,951 shares during the period. Sanders Morris Harris LLC raised its stake in Invesco S&P 100 Equal Weight ETF by 2,610.1% during the second quarter. Sanders Morris Harris LLC now owns 61,004 shares of the company’s stock worth $5,765,000 after purchasing an additional 58,753 shares during the period. Finally, Beck Capital Management LLC raised its stake in Invesco S&P 100 Equal Weight ETF by 1,231.4% during the first quarter. Beck Capital Management LLC now owns 60,128 shares of the company’s stock worth $5,706,000 after purchasing an additional 55,612 shares during the period.

Invesco S&P 100 Equal Weight ETF Price Performance

Shares of EQWL stock opened at $102.32 on Tuesday. The firm’s 50-day moving average is $98.51 and its two-hundred day moving average is $95.39. Invesco S&P 100 Equal Weight ETF has a 12 month low of $74.80 and a 12 month high of $102.51. The company has a market capitalization of $688.61 million, a PE ratio of 22.06 and a beta of 0.83.

Invesco S&P 100 Equal Weight ETF Company Profile

PowerShares Fundamental Pure Large Core Portfolio (the Fund), formerly PowerShares Dynamic Large Cap Portfolio, is based on the RAFI Fundamental Large Core Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is consisted of common stocks of large core United States companies, including real estate investment trusts (REITs), from a universe consisted of the 2,500 largest United States companies.