Montz Harcus Wealth Management LLC Increases Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Montz Harcus Wealth Management LLC raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 23.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,600 shares of the company’s stock after purchasing an additional 686 shares during the quarter. Montz Harcus Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $654,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Strategic Family Wealth Counselors L.L.C. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 2.5% during the 1st quarter. Strategic Family Wealth Counselors L.L.C. now owns 53,961 shares of the company’s stock valued at $9,348,000 after acquiring an additional 1,320 shares during the period. GAMMA Investing LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 21.9% during the 1st quarter. GAMMA Investing LLC now owns 2,737 shares of the company’s stock valued at $474,000 after acquiring an additional 492 shares during the period. Rhumbline Advisers lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 6.1% during the 1st quarter. Rhumbline Advisers now owns 15,236 shares of the company’s stock valued at $2,639,000 after acquiring an additional 873 shares during the period. Biltmore Family Office LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 20.7% during the 1st quarter. Biltmore Family Office LLC now owns 66,933 shares of the company’s stock valued at $11,595,000 after acquiring an additional 11,477 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 171.1% during the 1st quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $75,000 after acquiring an additional 272 shares during the period. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Trading Up 0.4%

RSP stock opened at $191.25 on Friday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $192.30. The company has a market cap of $75.35 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05. The firm has a 50 day moving average of $187.22 and a 200-day moving average of $179.13.

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).