Ascentis Independent Advisors Makes New $627,000 Investment in ALPS Equal Sector Weight ETF $EQL

Ascentis Independent Advisors acquired a new stake in shares of ALPS Equal Sector Weight ETF (NYSEARCA:EQL) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 13,183 shares of the company’s stock, valued at approximately $627,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in shares of ALPS Equal Sector Weight ETF by 20.4% in the 1st quarter. Royal Bank of Canada now owns 11,607 shares of the company’s stock valued at $1,462,000 after purchasing an additional 1,967 shares during the period. Jones Financial Companies Lllp grew its stake in ALPS Equal Sector Weight ETF by 68.8% in the first quarter. Jones Financial Companies Lllp now owns 2,596 shares of the company’s stock worth $324,000 after purchasing an additional 1,058 shares during the period. JPMorgan Chase & Co. bought a new position in ALPS Equal Sector Weight ETF in the second quarter worth $164,000. Raymond James Financial Inc. raised its holdings in ALPS Equal Sector Weight ETF by 205.9% in the second quarter. Raymond James Financial Inc. now owns 922,171 shares of the company’s stock worth $40,434,000 after purchasing an additional 620,663 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in ALPS Equal Sector Weight ETF by 135.6% during the second quarter. Ameriprise Financial Inc. now owns 397,308 shares of the company’s stock valued at $17,426,000 after buying an additional 228,690 shares during the period.

ALPS Equal Sector Weight ETF Trading Down 0.9%

Shares of EQL stock opened at $50.72 on Thursday. ALPS Equal Sector Weight ETF has a 12 month low of $43.58 and a 12 month high of $51.36. The stock has a market cap of $736.45 million, a PE ratio of 22.84 and a beta of 0.84. The company’s fifty day moving average price is $50.36 and its 200-day moving average price is $48.99.

About ALPS Equal Sector Weight ETF

The ALPS Equal Sector Weight ETF (EQL) is an exchange-traded fund that is based on the NYSE Select Sector Equal Weight index. The fund tracks an equal-weighted index of all select sector SPDR ETFs. EQL was launched on Jul 7, 2009 and is managed by ALPS.