Invesco S&P 500 Equal Weight ETF $RSP Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 150,025 shares of the company’s stock after buying an additional 3,813 shares during the period. Sequoia Financial Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $28,793,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Morgan Stanley grew its holdings in Invesco S&P 500 Equal Weight ETF by 7.9% in the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after purchasing an additional 2,285,526 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock worth $5,028,875,000 after buying an additional 959,176 shares during the period. Invesco Ltd. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.6% during the 4th quarter. Invesco Ltd. now owns 10,144,784 shares of the company’s stock worth $1,943,335,000 after buying an additional 444,846 shares during the period. State of Wisconsin Investment Board lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 14.3% during the 4th quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock valued at $1,625,486,000 after buying an additional 1,060,181 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 7.1% during the 4th quarter. LPL Financial LLC now owns 5,486,948 shares of the company’s stock valued at $1,051,080,000 after buying an additional 362,412 shares in the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Up 0.4%

Shares of NYSEARCA RSP traded up $0.80 during trading on Friday, hitting $214.30. The company had a trading volume of 5,539,473 shares, compared to its average volume of 14,463,745. The firm has a market capitalization of $95.63 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The stock has a fifty day simple moving average of $208.58 and a two-hundred day simple moving average of $201.64. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $179.94 and a fifty-two week high of $216.37.

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.