Round Rock Advisors LLC Boosts Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Round Rock Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.0% during the second quarter, Holdings Channel.com reports. The firm owned 53,115 shares of the company’s stock after purchasing an additional 8,089 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up 1.5% of Round Rock Advisors LLC’s investment portfolio, making the stock its 16th largest position. Round Rock Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $11,301,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RSP. Nalls Sherbakoff Group LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $29,000. Brandywine Financial Group lifted its holdings in Invesco S&P 500 Equal Weight ETF by 636.8% in the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after acquiring an additional 121 shares during the period. Hurley Capital LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 200.0% in the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after acquiring an additional 118 shares during the period. Asset Dedication LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $36,000. Finally, Basepoint Wealth LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $40,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 0.5%

NYSEARCA:RSP opened at $218.60 on Thursday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $182.11 and a fifty-two week high of $223.43. The stock has a market cap of $98.79 billion, a PE ratio of 20.10 and a beta of 0.91. The firm’s fifty day simple moving average is $216.87 and its 200-day simple moving average is $207.17.

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.