Carmel Capital Partners LLC Buys 40,691 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Carmel Capital Partners LLC purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 40,691 shares of the company’s stock, valued at approximately $8,465,000. Invesco S&P 500 Equal Weight ETF accounts for 3.0% of Carmel Capital Partners LLC’s investment portfolio, making the stock its 7th largest position.

A number of other large investors have also recently bought and sold shares of RSP. Phoenix Wealth Advisors increased its position in Invesco S&P 500 Equal Weight ETF by 6.7% during the 3rd quarter. Phoenix Wealth Advisors now owns 32,191 shares of the company’s stock worth $6,696,000 after purchasing an additional 2,010 shares in the last quarter. Canvas Wealth Advisors LLC increased its position in Invesco S&P 500 Equal Weight ETF by 1.3% during the 3rd quarter. Canvas Wealth Advisors LLC now owns 4,432 shares of the company’s stock valued at $975,000 after purchasing an additional 59 shares during the period. International Assets Investment Management LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 3.0% in the third quarter. International Assets Investment Management LLC now owns 28,781 shares of the company’s stock valued at $6,015,000 after buying an additional 838 shares during the period. General American Investors Co. Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $6,368,000. Finally, Calamos Wealth Management LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $4,701,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Trading Down 0.4%

Shares of RSP traded down $0.82 on Friday, reaching $216.05. The company’s stock had a trading volume of 13,096,930 shares, compared to its average volume of 11,916,534. The stock has a market capitalization of $100.26 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a twelve month low of $182.11 and a twelve month high of $224.20. The firm has a fifty day moving average of $214.78 and a 200-day moving average of $208.27.

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.