Argent Advisors Inc. Makes New $10.40 Million Investment in Invesco S&P 100 Equal Weight ETF $EQWL

Argent Advisors Inc. acquired a new stake in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 88,020 shares of the company’s stock, valued at approximately $10,400,000. Invesco S&P 100 Equal Weight ETF comprises 2.9% of Argent Advisors Inc.’s investment portfolio, making the stock its 9th biggest position.

A number of other hedge funds have also recently modified their holdings of EQWL. Pittenger & Anderson Inc. purchased a new position in shares of Invesco S&P 100 Equal Weight ETF in the fourth quarter valued at about $30,000. Cornerstone Planning Group LLC purchased a new position in shares of Invesco S&P 100 Equal Weight ETF in the third quarter valued at about $32,000. Asset Dedication LLC purchased a new position in shares of Invesco S&P 100 Equal Weight ETF in the third quarter valued at about $69,000. Qube Research & Technologies Ltd purchased a new position in shares of Invesco S&P 100 Equal Weight ETF in the third quarter valued at about $95,000. Finally, Ameritas Advisory Services LLC increased its position in shares of Invesco S&P 100 Equal Weight ETF by 9.2% in the third quarter. Ameritas Advisory Services LLC now owns 1,149 shares of the company’s stock valued at $132,000 after acquiring an additional 97 shares during the period.

Invesco S&P 100 Equal Weight ETF Trading Up 0.7%

EQWL stock opened at $128.77 on Friday. The firm’s 50-day moving average price is $121.96 and its two-hundred day moving average price is $120.17. Invesco S&P 100 Equal Weight ETF has a 12-month low of $105.75 and a 12-month high of $128.91. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 20.16 and a beta of 0.89.

About Invesco S&P 100 Equal Weight ETF

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.