Orion Portfolio Solutions LLC Purchases Shares of 9,801 Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

Orion Portfolio Solutions LLC purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 9,801 shares of the company’s stock, valued at approximately $477,000.

A number of other hedge funds also recently bought and sold shares of EQAL. Goodman Advisory Group LLC acquired a new stake in Invesco Russell 1000 Equal Weight ETF during the second quarter worth about $34,000. FMR LLC grew its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 25.1% during the 3rd quarter. FMR LLC now owns 2,266 shares of the company’s stock worth $110,000 after purchasing an additional 454 shares in the last quarter. Fiduciary Financial Group LLC bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the third quarter valued at approximately $202,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco Russell 1000 Equal Weight ETF by 31.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,800 shares of the company’s stock valued at $348,000 after purchasing an additional 1,876 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Invesco Russell 1000 Equal Weight ETF in the third quarter worth $386,000.

Invesco Russell 1000 Equal Weight ETF Price Performance

Shares of EQAL stock opened at $49.82 on Wednesday. The stock has a market cap of $657.62 million, a P/E ratio of 16.01 and a beta of 0.95. Invesco Russell 1000 Equal Weight ETF has a one year low of $42.28 and a one year high of $52.18. The stock has a fifty day moving average price of $50.05 and a 200 day moving average price of $47.55.

Invesco Russell 1000 Equal Weight ETF Company 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.