B.A. Schrock Wealth Management Inc. Makes New $700,000 Investment in Invesco S&P 500 Equal Weight ETF $RSP

B.A. Schrock Wealth Management Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 3,352 shares of the company’s stock, valued at approximately $700,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Weaver Consulting Group lifted its holdings in Invesco S&P 500 Equal Weight ETF by 1.5% in the 3rd quarter. Weaver Consulting Group now owns 3,217 shares of the company’s stock worth $669,000 after buying an additional 48 shares in the last quarter. Sage Capital Advisors llc grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.0% during the third quarter. Sage Capital Advisors llc now owns 2,461 shares of the company’s stock valued at $512,000 after acquiring an additional 48 shares in the last quarter. Charis Legacy Partners LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 0.5% during the second quarter. Charis Legacy Partners LLC now owns 10,780 shares of the company’s stock worth $2,294,000 after acquiring an additional 49 shares during the last quarter. Canvas Wealth Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 1.2% during the second quarter. Canvas Wealth Advisors LLC now owns 4,373 shares of the company’s stock worth $930,000 after acquiring an additional 50 shares during the last quarter. Finally, Tenon Financial LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 1.0% during the third quarter. Tenon Financial LLC now owns 5,185 shares of the company’s stock worth $1,079,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $212.09 on Thursday. Invesco S&P 500 Equal Weight ETF has a one year low of $182.11 and a one year high of $223.43. The business’s 50-day simple moving average is $216.01 and its 200 day simple moving average is $210.16. The stock has a market cap of $97.35 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92.

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.