Invesco S&P 500 Equal Weight ETF $RSP Shares Newly Purchased by Granite Islands Private Wealth LLC

Granite Islands Private Wealth LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 24,765 shares of the company’s stock, valued at approximately $5,152,000. Invesco S&P 500 Equal Weight ETF makes up approximately 3.0% of Granite Islands Private Wealth LLC’s investment portfolio, making the stock its 8th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSP. Weaver Consulting Group raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.5% in the third quarter. Weaver Consulting Group now owns 3,217 shares of the company’s stock worth $669,000 after purchasing an additional 48 shares during the last quarter. Sage Capital Advisors llc lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.0% in the third quarter. Sage Capital Advisors llc now owns 2,461 shares of the company’s stock valued at $512,000 after purchasing an additional 48 shares in the last quarter. Charis Legacy Partners LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.5% in the second quarter. Charis Legacy Partners LLC now owns 10,780 shares of the company’s stock valued at $2,294,000 after purchasing an additional 49 shares in the last quarter. Canvas Wealth Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 1.2% during the second quarter. Canvas Wealth Advisors LLC now owns 4,373 shares of the company’s stock valued at $930,000 after buying an additional 50 shares during the last quarter. Finally, Tenon Financial LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 1.0% during the third quarter. Tenon Financial LLC now owns 5,185 shares of the company’s stock valued at $1,079,000 after buying an additional 50 shares during the last quarter. 61.18% of the stock is owned by 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 $215.00 on Friday. The stock has a fifty day simple moving average of $215.93 and a 200 day simple moving average of $210.35. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $223.43. The company has a market capitalization of $98.68 billion, a P/E ratio of 20.10 and a beta of 0.92.

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.