Elm3 Financial Group LLC Takes $297,000 Position in Invesco S&P 500 Equal Weight ETF $RSP

Elm3 Financial Group LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,635 shares of the company’s stock, valued at approximately $297,000.

Several other institutional investors also recently bought and sold shares of RSP. Nova Wealth Management Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the second quarter valued at about $25,000. Uniplan Investment Counsel Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $26,000. Richardson Capital Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at approximately $30,000. OLD Second National Bank of Aurora purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at approximately $31,000. Finally, Howe & Rusling Inc. increased its position in Invesco S&P 500 Equal Weight ETF by 190.8% during the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after purchasing an additional 124 shares during the period. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Trading Down 0.0%

Shares of RSP stock opened at $191.19 on Tuesday. The stock has a 50 day simple moving average of $187.31 and a 200-day simple moving average of $179.31. The company has a market cap of $75.15 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $192.30.

Invesco S&P 500 Equal Weight ETF Company 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).