Private Wealth Group LLC Boosts Position in Invesco S&P 500 Equal Weight ETF $RSP

Private Wealth Group LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 22.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 57,736 shares of the company’s stock after buying an additional 10,587 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 4.7% of Private Wealth Group LLC’s investment portfolio, making the stock its 5th largest holding. Private Wealth Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $12,285,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Nalls Sherbakoff Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $29,000. Brandywine Financial Group grew its holdings in Invesco S&P 500 Equal Weight ETF by 636.8% in the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares during the period. Hurley Capital LLC grew its holdings in 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 worth $34,000 after purchasing an additional 118 shares during the period. Asset Dedication LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter worth $36,000. Finally, Basepoint Wealth LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.7%

RSP opened at $220.09 on Friday. The company has a fifty day moving average price of $212.86 and a two-hundred day moving average price of $204.46. Invesco S&P 500 Equal Weight ETF has a 1-year low of $182.11 and a 1-year high of $221.09. The company has a market cap of $99.46 billion, a P/E ratio of 20.10 and a beta of 0.91.

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.