Lane Brothers & Co. Inc. bought a new position in Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 118,227 shares of the company’s stock, valued at approximately $6,025,000. Invesco S&P 500 Equal Weight Income Advantage ETF makes up approximately 4.4% of Lane Brothers & Co. Inc.’s portfolio, making the stock its 7th biggest holding.
A number of other institutional investors have also recently modified their holdings of the stock. Stenger Family Office LLC bought a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the fourth quarter valued at $118,000. Integrity Wealth Advisors Inc. bought a new position in Invesco S&P 500 Equal Weight Income Advantage ETF in the 4th quarter worth about $249,000. Cetera Investment Advisers boosted its stake in Invesco S&P 500 Equal Weight Income Advantage ETF by 157.8% in the 4th quarter. Cetera Investment Advisers now owns 123,929 shares of the company’s stock worth $6,315,000 after purchasing an additional 75,849 shares in the last quarter. Osaic Holdings Inc. grew its position in Invesco S&P 500 Equal Weight Income Advantage ETF by 206.0% during the 4th quarter. Osaic Holdings Inc. now owns 18,933 shares of the company’s stock valued at $965,000 after purchasing an additional 12,745 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Invesco S&P 500 Equal Weight Income Advantage ETF by 23.2% during the 4th quarter. Royal Bank of Canada now owns 69,660 shares of the company’s stock valued at $3,550,000 after purchasing an additional 13,137 shares during the last quarter.
Invesco S&P 500 Equal Weight Income Advantage ETF Stock Performance
NYSEARCA:RSPA opened at $53.20 on Friday. The firm has a market cap of $767.14 million, a P/E ratio of 20.77 and a beta of 0.59. Invesco S&P 500 Equal Weight Income Advantage ETF has a fifty-two week low of $48.51 and a fifty-two week high of $53.76. The firm has a 50-day simple moving average of $52.27 and a two-hundred day simple moving average of $51.83.
About Invesco S&P 500 Equal Weight Income Advantage ETF
The Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the S&P 500 Equal Weight Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection RSPA was launched on Jul 17, 2024 and is issued by Invesco.
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