NWF Advisory Services Inc. lifted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 32.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 13,956 shares of the company’s stock after acquiring an additional 3,455 shares during the quarter. NWF Advisory Services Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,679,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in RSP. Bedel Financial Consulting Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF by 8.7% in the first quarter. Bedel Financial Consulting Inc. now owns 4,062 shares of the company’s stock worth $780,000 after purchasing an additional 324 shares during the last quarter. First Growth Capital LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 40.5% during the first quarter. First Growth Capital LLC now owns 2,243 shares of the company’s stock valued at $432,000 after buying an additional 647 shares during the last quarter. J. Safra Sarasin Holding AG bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter valued at about $1,800,000. Moment Partners LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the first quarter. Moment Partners LLC now owns 521,313 shares of the company’s stock valued at $100,050,000 after buying an additional 1,858 shares during the last quarter. Finally, CORDA Investment Management LLC. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 37.1% in the first quarter. CORDA Investment Management LLC. now owns 11,744 shares of the company’s stock worth $2,254,000 after buying an additional 3,176 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Trading Down 0.0%
NYSEARCA RSP opened at $214.23 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $179.94 and a 1-year high of $216.37. The stock has a 50-day moving average of $208.80 and a 200-day moving average of $201.85. The firm has a market cap of $96.70 billion, a PE ratio of 20.10 and a beta of 0.91.
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.
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