Strong Tower Advisory Services Has $3.67 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Strong Tower Advisory Services decreased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 44.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 19,134 shares of the company’s stock after selling 15,467 shares during the quarter. Strong Tower Advisory Services’ holdings in Invesco S&P 500 Equal Weight ETF were worth $3,672,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. NBZ Investment Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $26,000. Dorato Capital Management bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $26,000. Aviso Financial Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth approximately $28,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $29,000. Finally, Hurley Capital LLC raised its stake in shares of 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 last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $209.96 on Monday. The stock has a market capitalization 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 1 year low of $175.98 and a 1 year high of $214.30. The firm has a 50 day moving average of $205.05 and a 200-day moving average of $199.54.

Invesco S&P 500 Equal Weight ETF 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.