Money Concepts Capital Corp Has $25.58 Million Position in Invesco S&P 500 Equal Weight ETF $RSP

Money Concepts Capital Corp lifted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 134,828 shares of the company’s stock after purchasing an additional 2,876 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 1.6% of Money Concepts Capital Corp’s holdings, making the stock its 9th largest position. Money Concepts Capital Corp’s holdings in Invesco S&P 500 Equal Weight ETF were worth $25,577,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Investment Counsel Co. of Nevada acquired a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter worth approximately $29,000. Tompkins Financial Corp bought a new position in Invesco S&P 500 Equal Weight ETF during the third quarter valued at about $32,000. GoalVest Advisory LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the second quarter worth about $34,000. Cloud Capital Management LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth about $35,000. Finally, Copia Wealth Management lifted its holdings in Invesco S&P 500 Equal Weight ETF by 335.8% in the 3rd quarter. Copia Wealth Management now owns 231 shares of the company’s stock valued at $44,000 after acquiring an additional 178 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 RSP opened at $198.08 on Monday. The firm’s 50 day moving average is $194.38 and its 200-day moving average is $189.90. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $200.78. The stock has a market capitalization of $82.80 billion, a P/E ratio of 20.10 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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.