Avaii Wealth Management LLC Grows Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Avaii Wealth Management LLC raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,099 shares of the company’s stock after buying an additional 140 shares during the quarter. Avaii Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $710,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ironwood Wealth Management LLC. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 12.7% in the fourth quarter. Ironwood Wealth Management LLC. now owns 31,036 shares of the company’s stock valued at $5,438,000 after purchasing an additional 3,500 shares during the period. Brighton Jones LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after purchasing an additional 246 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $83,931,000. Empowered Funds LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $1,926,000. Finally, Savant Capital LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 9.0% in the fourth quarter. Savant Capital LLC now owns 9,291 shares of the company’s stock valued at $1,628,000 after purchasing an additional 770 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $177.35 on Friday. The stock’s 50-day simple moving average is $171.68 and its 200-day simple moving average is $175.71. The firm has a market capitalization of $71.69 billion, a PE ratio of 20.59 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $188.16.

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).