Townsend & Associates Inc Takes Position in Invesco S&P 500 Equal Weight ETF $RSP

Townsend & Associates Inc acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the second quarter, Holdings Channel.com reports. The firm acquired 1,157 shares of the company’s stock, valued at approximately $217,000.

Other large investors also recently modified their holdings of the company. Total Clarity Wealth Management Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 25.4% in the second quarter. Total Clarity Wealth Management Inc. now owns 4,304 shares of the company’s stock valued at $782,000 after acquiring an additional 872 shares during the period. Strategic Family Wealth Counselors L.L.C. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.5% in the 1st quarter. Strategic Family Wealth Counselors L.L.C. now owns 53,961 shares of the company’s stock worth $9,348,000 after buying an additional 1,320 shares during the last quarter. Almanack Investment Partners LLC. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth $1,545,000. GAMMA Investing LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 21.9% in the 1st quarter. GAMMA Investing LLC now owns 2,737 shares of the company’s stock worth $474,000 after buying an additional 492 shares during the last quarter. Finally, Biltmore Family Office LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 20.7% in the 1st quarter. Biltmore Family Office LLC now owns 66,933 shares of the company’s stock worth $11,595,000 after buying an additional 11,477 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $188.01 on Monday. The company’s fifty day moving average price is $188.16 and its 200-day moving average price is $180.26. The firm has a market capitalization of $72.67 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $192.30.

Invesco S&P 500 Equal Weight ETF Company Profile

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).