Lane Brothers & Co. Inc. Has $6.50 Million Stock Position in Invesco S&P 500 Equal Weight Income Advantage ETF $RSPA

Lane Brothers & Co. Inc. increased its stake in Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) by 10.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 130,067 shares of the company’s stock after acquiring an additional 11,840 shares during the quarter. Invesco S&P 500 Equal Weight Income Advantage ETF makes up 4.7% of Lane Brothers & Co. Inc.’s holdings, making the stock its 6th largest holding. Lane Brothers & Co. Inc. owned about 0.90% of Invesco S&P 500 Equal Weight Income Advantage ETF worth $6,503,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. LPL Financial LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 51.6% during the fourth quarter. LPL Financial LLC now owns 643,604 shares of the company’s stock valued at $32,798,000 after purchasing an additional 219,201 shares during the last quarter. Retirement Financial Solutions LLC acquired a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF during the 4th quarter worth about $9,334,000. UBS Group AG acquired a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF during the 3rd quarter worth about $4,769,000. Cetera Investment Advisers lifted its stake in Invesco S&P 500 Equal Weight Income Advantage ETF by 157.8% during the fourth quarter. Cetera Investment Advisers now owns 123,929 shares of the company’s stock valued at $6,315,000 after buying an additional 75,849 shares in the last quarter. Finally, SageGuard Financial Group LLC purchased a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF during the fourth quarter valued at about $3,732,000.

Invesco S&P 500 Equal Weight Income Advantage ETF Price Performance

Shares of RSPA opened at $53.57 on Thursday. The company has a 50-day moving average of $52.92 and a two-hundred day moving average of $52.12. The stock has a market cap of $958.90 million, a price-to-earnings ratio of 20.77 and a beta of 0.57. Invesco S&P 500 Equal Weight Income Advantage ETF has a one year low of $48.85 and a one year high of $54.10.

Invesco S&P 500 Equal Weight Income Advantage ETF Company Profile

The Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the S&P 500 Equal Weight Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection RSPA was launched on Jul 17, 2024 and is issued by Invesco.