25,154 Shares in Invesco S&P 500 Equal Weight ETF $RSP Purchased by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 25,154 shares of the company’s stock, valued at approximately $5,233,000. Invesco S&P 500 Equal Weight ETF accounts for 1.6% of Samalin Investment Counsel LLC’s holdings, making the stock its 10th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in RSP. Summit Place Financial Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 31.0% during the 3rd quarter. Summit Place Financial Advisors LLC now owns 2,326 shares of the company’s stock valued at $484,000 after buying an additional 550 shares in the last quarter. Compass Ion Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth $222,000. Trueblood Wealth Management LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 5.5% in the 3rd quarter. Trueblood Wealth Management LLC now owns 26,671 shares of the company’s stock worth $5,548,000 after acquiring an additional 1,398 shares in the last quarter. Valley National Advisers Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth $31,000. Finally, Invested Advisors increased its holdings in Invesco S&P 500 Equal Weight ETF by 5.4% in the 3rd quarter. Invested Advisors now owns 5,729 shares of the company’s stock worth $1,192,000 after acquiring an additional 291 shares in the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $216.54 on Monday. The company has a fifty day moving average of $215.28 and a two-hundred day moving average of $211.35. The stock has a market capitalization of $99.34 billion, a PE ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $182.11 and a fifty-two week high of $223.43.

About Invesco S&P 500 Equal Weight ETF

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.