Prevail Innovative Wealth Advisors LLC Makes New Investment in Invesco S&P 500 Equal Weight ETF $RSP

Prevail Innovative Wealth Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the fourth quarter, HoldingsChannel reports. The fund purchased 24,933 shares of the company’s stock, valued at approximately $4,776,000.

A number of other large investors have also recently bought and sold shares of the company. Dorato Capital Management bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $26,000. NBZ Investment Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $26,000. Aviso Financial Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $28,000. IMA Advisory Services Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $33,000. Finally, Cloud Capital Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 1.1%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $203.83 on Thursday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $173.00 and a 12-month high of $205.53. The stock has a market cap of $87.93 billion, a P/E ratio of 20.10 and a beta of 0.92. The business’s 50 day moving average is $198.11 and its 200-day moving average is $196.24.

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). 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.