Compass Capital Management Inc. Invests $588,000 in Invesco S&P 100 Equal Weight ETF $EQWL

Compass Capital Management Inc. bought a new position in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,976 shares of the company’s stock, valued at approximately $588,000.

Several other hedge funds also recently made changes to their positions in EQWL. Pittenger & Anderson Inc. purchased a new position in shares of Invesco S&P 100 Equal Weight ETF in the 4th quarter valued at about $30,000. Asset Dedication LLC purchased a new position in Invesco S&P 100 Equal Weight ETF during the 3rd quarter valued at about $69,000. Qube Research & Technologies Ltd purchased a new position in Invesco S&P 100 Equal Weight ETF during the 3rd quarter valued at about $95,000. Ameritas Advisory Services LLC increased its holdings in Invesco S&P 100 Equal Weight ETF by 9.2% during the 3rd 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 in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Invesco S&P 100 Equal Weight ETF during the 4th quarter valued at about $206,000.

Invesco S&P 100 Equal Weight ETF Trading Up 1.9%

NYSEARCA:EQWL opened at $127.56 on Friday. The firm has a 50-day moving average price of $123.20 and a two-hundred day moving average price of $120.61. Invesco S&P 100 Equal Weight ETF has a twelve month low of $105.99 and a twelve month high of $128.91. The company has a market capitalization of $2.58 billion, a P/E 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.