Invesco S&P 500 Equal Weight ETF $RSP Position Increased by Instrumental Wealth LLC

Instrumental Wealth LLC boosted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 24.2% during the 4th quarter, Holdings Channel reports. The fund owned 50,528 shares of the company’s stock after acquiring an additional 9,851 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up 6.2% of Instrumental Wealth LLC’s portfolio, making the stock its 7th biggest holding. Instrumental Wealth LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,345,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. TD Capital Management LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 23.2% during the 4th quarter. TD Capital Management LLC now owns 2,517 shares of the company’s stock worth $482,000 after acquiring an additional 474 shares in the last quarter. Tempo Wealth LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $420,000. MidFirst Bank acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $105,000. Clear Retirement Advice LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $302,000. Finally, Kera Capital Partners Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.2% during the 4th quarter. Kera Capital Partners Inc. now owns 153,782 shares of the company’s stock worth $30,461,000 after purchasing an additional 4,704 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $209.96 on Friday. The firm has a fifty day moving average price of $205.05 and a 200 day moving average price of $199.48. The company has a market cap of $90.58 billion, a P/E ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 12 month low of $175.98 and a 12 month high of $214.30.

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.