Invesco S&P 500 Equal Weight ETF $RSP Stake Raised by Granite Bay Wealth Management LLC

Granite Bay Wealth Management LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 182,040 shares of the company’s stock after buying an additional 6,408 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 7.4% of Granite Bay Wealth Management LLC’s investment portfolio, making the stock its 4th largest holding. Granite Bay Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $34,925,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 5.5% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock valued at $188,000 after acquiring an additional 51 shares in the last quarter. Ballast Rock Private Wealth LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 0.8% during the 1st quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock worth $1,305,000 after purchasing an additional 51 shares in the last quarter. Pacific Point Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 4.2% during the 4th quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock worth $250,000 after purchasing an additional 52 shares during the period. Merkkuri Wealth Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 0.5% during the 1st quarter. Merkkuri Wealth Advisors LLC now owns 11,865 shares of the company’s stock worth $2,277,000 after purchasing an additional 54 shares during the period. Finally, Jessup Wealth Management Inc raised its position in Invesco S&P 500 Equal Weight ETF by 1.8% in the 4th quarter. Jessup Wealth Management Inc now owns 3,068 shares of the company’s stock valued at $588,000 after purchasing an additional 55 shares in 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

Shares of RSP opened at $214.30 on Friday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $179.94 and a 1 year high of $216.37. The stock has a market capitalization of $95.63 billion, a PE ratio of 20.10 and a beta of 0.91. The stock has a 50-day simple moving average of $208.58 and a 200-day simple moving average of $201.64.

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.