SteelPeak Wealth LLC Buys 10,201 Shares of Invesco S&P 500 Equal Weight ETF $RSP

SteelPeak Wealth LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 190.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,559 shares of the company’s stock after acquiring an additional 10,201 shares during the period. SteelPeak Wealth LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,986,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Dorato Capital Management bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $26,000. Nalls Sherbakoff Group LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $29,000. Hurley Capital LLC raised its position in Invesco S&P 500 Equal Weight ETF by 200.0% in the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after buying an additional 118 shares during the last quarter. Basepoint Wealth LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at approximately $40,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at approximately $42,000. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Down 0.8%

NYSEARCA:RSP opened at $213.37 on Friday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $179.94 and a twelve month high of $216.37. The business has a 50 day moving average price of $209.58 and a two-hundred day moving average price of $202.35. The company has a market cap of $95.81 billion, a P/E ratio of 20.10 and a beta of 0.91.

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.