Pinnacle Wealth Management Advisory Group LLC Increases Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Pinnacle Wealth Management Advisory Group LLC lifted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,437 shares of the company’s stock after purchasing an additional 4,582 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 1.4% of Pinnacle Wealth Management Advisory Group LLC’s holdings, making the stock its 18th biggest holding. Pinnacle Wealth Management Advisory Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $14,627,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of RSP. Rosenberg Matthew Hamilton grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.6% during the 1st quarter. Rosenberg Matthew Hamilton now owns 3,951 shares of the company’s stock worth $684,000 after purchasing an additional 61 shares during the period. D L Carlson Investment Group Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 1.3% in the 4th quarter. D L Carlson Investment Group Inc. now owns 4,771 shares of the company’s stock valued at $836,000 after buying an additional 63 shares during the period. RWA Wealth Partners LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 1.0% in the 4th quarter. RWA Wealth Partners LLC now owns 6,360 shares of the company’s stock valued at $1,114,000 after buying an additional 64 shares during the period. Live Oak Private Wealth LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 2.0% during the first quarter. Live Oak Private Wealth LLC now owns 3,428 shares of the company’s stock worth $594,000 after buying an additional 67 shares during the period. Finally, Novem Group boosted its stake in Invesco S&P 500 Equal Weight ETF by 5.6% during the first quarter. Novem Group now owns 1,291 shares of the company’s stock worth $224,000 after buying an additional 68 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $187.73 on Monday. The firm has a market cap of $75.35 billion, a PE ratio of 20.10 and a beta of 1.05. The company has a 50-day moving average of $180.54 and a two-hundred day moving average of $176.19. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $188.16.

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).