Sound Income Strategies LLC Has $260,000 Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Sound Income Strategies LLC grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 21.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,501 shares of the company’s stock after buying an additional 260 shares during the period. Sound Income Strategies LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $260,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in RSP. Ironwood Wealth Management LLC. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 12.7% during the fourth quarter. Ironwood Wealth Management LLC. now owns 31,036 shares of the company’s stock worth $5,438,000 after purchasing an additional 3,500 shares during the period. Brighton Jones LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.4% during the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after purchasing an additional 246 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $83,931,000. Empowered Funds LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $1,926,000. Finally, Van ECK Associates Corp grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 105.4% during the fourth quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after purchasing an additional 78 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Down 1.2%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $177.35 on Monday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $188.16. The business has a fifty day simple moving average of $171.68 and a 200 day simple moving average of $175.55. The stock has a market cap of $71.69 billion, a PE ratio of 20.59 and a beta of 0.99.

About Invesco S&P 500 Equal Weight ETF

Guggenheim S&P 500 Equal Weight ETF, formerly Rydex S&P 500 Equal Weight ETF, seeks to replicate as closely as possible, the daily performance of the S&P 500 Equal Weight Index (the Index). The Index is a capitalization-weighted index covering 500 industrial, utility, transportation and financial companies of the United States markets (mostly NYSE Euronext issues).