Janney Montgomery Scott LLC Has $739,000 Stake in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

Janney Montgomery Scott LLC boosted its holdings in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) by 12.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,189 shares of the company’s stock after purchasing an additional 1,720 shares during the period. Janney Montgomery Scott LLC’s holdings in Invesco Russell 1000 Equal Weight ETF were worth $739,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EQAL. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 3rd quarter valued at $386,000. Fiduciary Financial Group LLC acquired a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 3rd quarter valued at $202,000. San Luis Wealth Advisors LLC increased its stake in shares of Invesco Russell 1000 Equal Weight ETF by 6.9% in the 3rd quarter. San Luis Wealth Advisors LLC now owns 133,321 shares of the company’s stock valued at $6,486,000 after buying an additional 8,603 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco Russell 1000 Equal Weight ETF by 31.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,800 shares of the company’s stock valued at $348,000 after buying an additional 1,876 shares during the period. Finally, Creative Planning acquired a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 2nd quarter valued at $512,000.

Invesco Russell 1000 Equal Weight ETF Stock Performance

NYSEARCA EQAL opened at $49.59 on Monday. The stock has a fifty day moving average of $48.69 and a 200-day moving average of $46.66. The stock has a market capitalization of $654.59 million, a P/E ratio of 16.01 and a beta of 0.95. Invesco Russell 1000 Equal Weight ETF has a 52 week low of $40.03 and a 52 week high of $51.07.

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.