Gilliland Jeter Wealth Management LLC Invests $275,000 in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

Gilliland Jeter Wealth Management LLC bought a new position in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,231 shares of the company’s stock, valued at approximately $275,000.

A number of other hedge funds also recently modified their holdings of EQAL. Allworth Financial LP acquired a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the 4th quarter worth about $62,000. Aptus Capital Advisors LLC acquired a new stake in Invesco Russell 1000 Equal Weight ETF in the 3rd quarter worth about $75,000. Tower Research Capital LLC TRC raised its stake in Invesco Russell 1000 Equal Weight ETF by 56.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 9,621 shares of the company’s stock worth $384,000 after purchasing an additional 3,464 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Invesco Russell 1000 Equal Weight ETF in the 3rd quarter worth about $556,000. Finally, Lunt Capital Management Inc. acquired a new stake in Invesco Russell 1000 Equal Weight ETF in the 4th quarter worth about $687,000.

Invesco Russell 1000 Equal Weight ETF Price Performance

Invesco Russell 1000 Equal Weight ETF stock traded up $0.11 during midday trading on Friday, hitting $44.30. The company’s stock had a trading volume of 11,608 shares, compared to its average volume of 30,327. Invesco Russell 1000 Equal Weight ETF has a 1-year low of $37.35 and a 1-year high of $46.21. The company has a 50-day moving average price of $44.71 and a two-hundred day moving average price of $42.77. The company has a market cap of $583.87 million, a price-to-earnings ratio of 15.64 and a beta of 0.98.

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.