WESPAC Advisors LLC Acquires New Position in Invesco S&P 500 Equal Weight ETF $RSP

WESPAC Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,400 shares of the company’s stock, valued at approximately $499,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Highland Investment Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth $26,000. Brandywine Financial Group raised its position in shares of Invesco S&P 500 Equal Weight ETF by 636.8% during 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. Valley National Advisers Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $31,000. Rogco LP acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth $34,000. Finally, Asset Dedication LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the first quarter valued at $36,000. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Up 0.3%

Shares of NYSEARCA RSP opened at $217.29 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $182.11 and a 12 month high of $223.43. The company has a market cap of $99.69 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The business has a fifty day simple moving average of $215.35 and a 200-day simple moving average of $207.21.

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.