Retirement Income Solutions Inc Invests $298,000 in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL)

Retirement Income Solutions Inc acquired a new position in shares of Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,172 shares of the company’s stock, valued at approximately $298,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its stake 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. Janney Montgomery Scott LLC raised its stake in shares of Invesco Russell 1000 Equal Weight ETF by 10.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,774 shares of the company’s stock worth $810,000 after purchasing an additional 1,585 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the 4th quarter worth approximately $5,398,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the 3rd quarter worth approximately $386,000. Finally, Davis Investment Partners LLC raised its stake in Invesco Russell 1000 Equal Weight ETF by 2.2% in the 4th quarter. Davis Investment Partners LLC now owns 37,733 shares of the company’s stock valued at $1,809,000 after acquiring an additional 802 shares during the period.

Invesco Russell 1000 Equal Weight ETF Trading Down 0.0 %

EQAL opened at $50.13 on Monday. Invesco Russell 1000 Equal Weight ETF has a 1-year low of $43.26 and a 1-year high of $52.18. The stock’s fifty day simple moving average is $49.47 and its 200 day simple moving average is $48.79. The stock has a market cap of $661.72 million, a PE ratio of 16.01 and a beta of 0.95.

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.