Foundations Investment Advisors LLC Reduces Stock Position in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL)

Foundations Investment Advisors LLC cut its stake in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) by 4.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,097 shares of the company’s stock after selling 396 shares during the quarter. Foundations Investment Advisors LLC owned 0.12% of Invesco S&P 100 Equal Weight ETF worth $828,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Cetera Investment Advisers lifted its holdings in 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 valued at $23,832,000 after acquiring an additional 237,745 shares during the period. Avantax Advisory Services Inc. boosted its holdings in shares of Invesco S&P 100 Equal Weight ETF by 2,118.2% in the first quarter. Avantax Advisory Services Inc. now owns 76,395 shares of the company’s stock worth $7,249,000 after buying an additional 72,951 shares during the last quarter. Sanders Morris Harris LLC grew its position 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 valued at $5,765,000 after buying an additional 58,753 shares during the period. Beck Capital Management LLC increased its holdings 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 valued at $5,706,000 after buying an additional 55,612 shares during the last quarter. Finally, Cetera Advisor Networks LLC raised its position in Invesco S&P 100 Equal Weight ETF by 18.0% in the first quarter. Cetera Advisor Networks LLC now owns 231,033 shares of the company’s stock worth $21,923,000 after acquiring an additional 35,183 shares during the period.

Invesco S&P 100 Equal Weight ETF Price Performance

Shares of Invesco S&P 100 Equal Weight ETF stock opened at $103.11 on Friday. The stock has a market capitalization of $693.96 million, a PE ratio of 22.06 and a beta of 0.83. Invesco S&P 100 Equal Weight ETF has a 1-year low of $74.80 and a 1-year high of $104.65. The company’s fifty day simple moving average is $101.11 and its 200-day simple moving average is $96.58.

Invesco S&P 100 Equal Weight ETF 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.