Invesco S&P 500 Equal Weight ETF $RSP Shares Newly Acquired by Founders Financial Securities LLC

Founders Financial Securities LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,765 shares of the company’s stock, valued at approximately $4,736,000.

Other institutional investors have also added to or reduced their stakes in the company. Highland Investment Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth about $26,000. Brandywine Financial Group boosted 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 valued at $30,000 after buying an additional 121 shares during the last quarter. Valley National Advisers Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $31,000. Rogco LP bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth approximately $34,000. Finally, Asset Dedication LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth about $36,000. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 1.2%

Shares of RSP opened at $220.04 on Friday. 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 $101.00 billion, a PE ratio of 20.10 and a beta of 0.92. The stock has a 50-day moving average price of $215.09 and a 200-day moving average price of $207.64.

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.