Money Concepts Capital Corp Grows Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Money Concepts Capital Corp boosted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,703 shares of the company’s stock after buying an additional 21,229 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 1.5% of Money Concepts Capital Corp’s investment portfolio, making the stock its 11th largest position. Money Concepts Capital Corp’s holdings in Invesco S&P 500 Equal Weight ETF were worth $26,620,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of RSP. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 69.3% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 329,700 shares of the company’s stock valued at $63,276,000 after acquiring an additional 135,000 shares during the period. Personal CFO Solutions LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.6% during the 1st quarter. Personal CFO Solutions LLC now owns 3,733 shares of the company’s stock worth $717,000 after purchasing an additional 96 shares during the period. First Interstate Bank boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.6% during the 1st quarter. First Interstate Bank now owns 761,230 shares of the company’s stock worth $146,095,000 after purchasing an additional 4,860 shares during the period. Seelaus Asset Management LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 15.4% during the 1st quarter. Seelaus Asset Management LLC now owns 8,826 shares of the company’s stock valued at $1,664,000 after purchasing an additional 1,181 shares during the last quarter. Finally, Greenwood Capital Associates LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at about $829,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock opened at $213.50 on Friday. The firm has a market capitalization of $95.28 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 $179.94 and a 1-year high of $216.37. The company’s 50-day moving average is $208.30 and its 200 day moving average is $201.55.

Invesco S&P 500 Equal Weight ETF Company 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.