Tcfg Wealth Management LLC Buys New Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Tcfg Wealth Management LLC purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,791 shares of the company’s stock, valued at approximately $3,185,000. Invesco S&P 500 Equal Weight ETF accounts for approximately 0.8% of Tcfg Wealth Management LLC’s investment portfolio, making the stock its 26th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in RSP. GRIMES & Co WEALTH MANAGEMENT LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 107.0% in the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 265,995 shares of the company’s stock worth $50,459,000 after buying an additional 137,493 shares in the last quarter. CMG Global Holdings LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 13.6% during the 3rd quarter. CMG Global Holdings LLC now owns 35,694 shares of the company’s stock valued at $6,741,000 after buying an additional 4,262 shares in the last quarter. Sowell Financial Services LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 23.2% in the 3rd quarter. Sowell Financial Services LLC now owns 20,356 shares of the company’s stock worth $3,862,000 after acquiring an additional 3,829 shares during the last quarter. Argent Advisors Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 5.8% during the 3rd quarter. Argent Advisors Inc. now owns 57,461 shares of the company’s stock worth $10,900,000 after acquiring an additional 3,135 shares in the last quarter. Finally, Roman Butler Fullerton & Co. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 67.0% during the 3rd quarter. Roman Butler Fullerton & Co. now owns 10,862 shares of the company’s stock worth $2,046,000 after acquiring an additional 4,358 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 Performance

RSP stock opened at $193.47 on Thursday. The firm has a fifty day moving average price of $199.83 and a 200 day moving average price of $193.29. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $205.24. The firm has a market cap of $80.23 billion, a PE ratio of 20.10 and a beta of 0.99.

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.