Cornerstone Wealth Group LLC Has $14.22 Million Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Cornerstone Wealth Group LLC boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 26.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 82,075 shares of the company’s stock after buying an additional 17,296 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 1.2% of Cornerstone Wealth Group LLC’s portfolio, making the stock its 17th largest holding. Cornerstone Wealth Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $14,218,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Van ECK Associates Corp increased its position in Invesco S&P 500 Equal Weight ETF by 105.4% during the 4th quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after buying an additional 78 shares during the period. Cambridge Financial Group Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $28,000. Joseph Group Capital Management bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $29,000. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $29,000. Finally, OLD Second National Bank of Aurora bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter worth $31,000.

Invesco S&P 500 Equal Weight ETF Stock Up 0.5%

Invesco S&P 500 Equal Weight ETF stock opened at $178.49 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $188.16. The business’s 50-day moving average price is $173.64 and its two-hundred day moving average price is $175.19. The stock has a market cap of $72.15 billion, a PE ratio of 20.59 and a beta of 0.99.

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).