Invesco S&P 500 Equal Weight ETF $RSP is CoreCap Advisors LLC’s 5th Largest Position

CoreCap Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 47.2% in the second quarter, Holdings Channel.com reports. The fund owned 465,261 shares of the company’s stock after buying an additional 149,280 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up 2.9% of CoreCap Advisors LLC’s investment portfolio, making the stock its 5th largest position. CoreCap Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $98,994,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in RSP. Nalls Sherbakoff Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $29,000. Brandywine Financial Group boosted its holdings in Invesco S&P 500 Equal Weight ETF by 636.8% during the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after buying an additional 121 shares in the last quarter. Hurley Capital LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 200.0% during the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after buying an additional 118 shares in the last quarter. Asset Dedication LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth about $36,000. Finally, Basepoint Wealth LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $40,000. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 1.4%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $220.23 on Wednesday. The company has a 50-day moving average of $212.18 and a two-hundred day moving average of $204.07. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $220.45. The stock has a market cap of $99.52 billion, a PE ratio of 20.10 and a beta of 0.91.

Invesco S&P 500 Equal Weight ETF Company Profile

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.