Able Wealth Management LLC Sells 51,056 Shares of Invesco S&P 100 Equal Weight ETF $EQWL

Able Wealth Management LLC lowered its stake in shares of Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) by 45.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,864 shares of the company’s stock after selling 51,056 shares during the quarter. Invesco S&P 100 Equal Weight ETF comprises approximately 1.9% of Able Wealth Management LLC’s investment portfolio, making the stock its 15th biggest position. Able Wealth Management LLC’s holdings in Invesco S&P 100 Equal Weight ETF were worth $7,129,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Pittenger & Anderson Inc. acquired a new position in Invesco S&P 100 Equal Weight ETF in the 4th quarter valued at $30,000. Wells Fargo & Company MN grew its holdings in shares of Invesco S&P 100 Equal Weight ETF by 50,100.0% during the 4th quarter. Wells Fargo & Company MN now owns 502 shares of the company’s stock worth $59,000 after purchasing an additional 501 shares in the last quarter. Asset Dedication LLC acquired a new stake in shares of Invesco S&P 100 Equal Weight ETF during the 3rd quarter worth $69,000. Qube Research & Technologies Ltd bought a new position in shares of Invesco S&P 100 Equal Weight ETF in the third quarter worth $95,000. Finally, Ankerstar Wealth LLC bought a new position in shares of Invesco S&P 100 Equal Weight ETF in the fourth quarter worth $145,000.

Invesco S&P 100 Equal Weight ETF Stock Up 0.2%

EQWL stock opened at $129.29 on Thursday. The company has a market cap of $2.66 billion, a PE ratio of 20.16 and a beta of 0.89. The business has a 50-day simple moving average of $126.08 and a 200 day simple moving average of $121.74. Invesco S&P 100 Equal Weight ETF has a 52 week low of $108.00 and a 52 week high of $130.62.

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.