Founders Financial Securities LLC Has $1.73 Million Position in Invesco S&P 100 Equal Weight ETF $EQWL

Founders Financial Securities LLC reduced its holdings in shares of Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) by 24.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,046 shares of the company’s stock after selling 4,879 shares during the period. Founders Financial Securities LLC’s holdings in Invesco S&P 100 Equal Weight ETF were worth $1,725,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Belpointe Asset Management LLC acquired a new position in Invesco S&P 100 Equal Weight ETF during the second quarter worth $319,000. Ameritas Advisory Services LLC acquired a new stake in shares of Invesco S&P 100 Equal Weight ETF during the second quarter worth approximately $116,000. Park Avenue Securities LLC increased its holdings in shares of Invesco S&P 100 Equal Weight ETF by 1.3% during the second quarter. Park Avenue Securities LLC now owns 15,695 shares of the company’s stock worth $1,726,000 after buying an additional 195 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of Invesco S&P 100 Equal Weight ETF by 19.5% in the first quarter. Kestra Advisory Services LLC now owns 11,002 shares of the company’s stock valued at $1,134,000 after acquiring an additional 1,798 shares during the last quarter. Finally, Atria Wealth Solutions Inc. boosted its holdings in shares of Invesco S&P 100 Equal Weight ETF by 4.4% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 26,547 shares of the company’s stock worth $2,949,000 after acquiring an additional 1,131 shares in the last quarter.

Invesco S&P 100 Equal Weight ETF Stock Performance

Shares of EQWL stock opened at $119.29 on Thursday. The stock has a market capitalization of $1.87 billion, a PE ratio of 20.16 and a beta of 0.95. Invesco S&P 100 Equal Weight ETF has a 52 week low of $89.16 and a 52 week high of $119.55. The stock’s fifty day moving average is $116.70 and its 200-day moving average is $113.45.

Invesco S&P 100 Equal Weight ETF Company 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. The Fund invests in sectors, such as consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, telecommunication services and utilities.