Perigon Wealth Management LLC Buys Shares of 29,490 Invesco S&P 500 Equal Weight Income Advantage ETF $RSPA

Perigon Wealth Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 29,490 shares of the company’s stock, valued at approximately $1,506,000.

A number of other institutional investors also recently modified their holdings of RSPA. Capital Advisors Ltd. LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the 2nd quarter worth $56,000. Brown Lisle Cummings Inc. raised its stake in Invesco S&P 500 Equal Weight Income Advantage ETF by 571.4% during the third quarter. Brown Lisle Cummings Inc. now owns 1,175 shares of the company’s stock worth $60,000 after acquiring an additional 1,000 shares in the last quarter. Private Trust Co. NA bought a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF in the third quarter worth about $71,000. Osaic Holdings Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 99.9% in the 2nd quarter. Osaic Holdings Inc. now owns 3,816 shares of the company’s stock valued at $190,000 after purchasing an additional 1,907 shares in the last quarter. Finally, Joel Isaacson & Co. LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the 2nd quarter valued at approximately $329,000.

Invesco S&P 500 Equal Weight Income Advantage ETF Price Performance

RSPA stock opened at $51.44 on Wednesday. The stock has a market cap of $473.25 million, a price-to-earnings ratio of 20.77 and a beta of 0.70. The company has a 50 day simple moving average of $50.86 and a 200 day simple moving average of $50.54. Invesco S&P 500 Equal Weight Income Advantage ETF has a 1 year low of $43.04 and a 1 year high of $52.00.

Invesco S&P 500 Equal Weight Income Advantage ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 24th were paid a $0.3925 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date was Monday, November 24th. This is a positive change from Invesco S&P 500 Equal Weight Income Advantage ETF’s previous monthly dividend of $0.39.

Invesco S&P 500 Equal Weight Income Advantage ETF Profile

The Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the S&P 500 Equal Weight Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection RSPA was launched on Jul 17, 2024 and is issued by Invesco.