Carroll Advisory Group LLC Acquires New Position in Invesco S&P 500 Equal Weight ETF $RSP

Carroll Advisory Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, Holdings Channel.com reports. The firm acquired 94,641 shares of the company’s stock, valued at approximately $18,129,000. Invesco S&P 500 Equal Weight ETF accounts for 7.8% of Carroll Advisory Group LLC’s investment portfolio, making the stock its 3rd biggest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. St. Louis Trust Co lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 108.8% in the fourth quarter. St. Louis Trust Co now owns 9,972 shares of the company’s stock valued at $1,910,000 after purchasing an additional 5,197 shares during the period. New England Private Wealth Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 0.6% during the 4th quarter. New England Private Wealth Advisors LLC now owns 52,573 shares of the company’s stock valued at $10,071,000 after acquiring an additional 293 shares in the last quarter. Banta Asset Management LP acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $1,654,000. EverSource Wealth Advisors LLC raised its position in Invesco S&P 500 Equal Weight ETF by 28.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 10,817 shares of the company’s stock worth $2,072,000 after acquiring an additional 2,416 shares during the last quarter. Finally, Karras Company Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $16,530,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.9%

Shares of RSP opened at $206.58 on Friday. The stock has a market cap of $89.12 billion, a P/E ratio of 20.10 and a beta of 0.92. The company has a 50-day moving average of $198.46 and a two-hundred day moving average of $196.43. Invesco S&P 500 Equal Weight ETF has a 12-month low of $173.00 and a 12-month high of $206.97.

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.