TFC Financial Management Inc. Takes Position in Invesco S&P 500 Equal Weight ETF $RSP

TFC Financial Management Inc. acquired a new stake 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 and Exchange Commission (SEC). The institutional investor acquired 418 shares of the company’s stock, valued at approximately $76,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sincerus Advisory LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.8% during the second quarter. Sincerus Advisory LLC now owns 11,846 shares of the company’s stock valued at $2,224,000 after acquiring an additional 435 shares during the last quarter. WealthPLAN Partners LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 8.4% during the second quarter. WealthPLAN Partners LLC now owns 13,546 shares of the company’s stock valued at $2,462,000 after acquiring an additional 1,046 shares during the last quarter. Evernest Financial Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.2% during the second quarter. Evernest Financial Advisors LLC now owns 80,039 shares of the company’s stock valued at $14,546,000 after acquiring an additional 3,241 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at about $335,000. Finally, Cushing Capital Partners LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.9% during the second quarter. Cushing Capital Partners LLC now owns 14,483 shares of the company’s stock valued at $2,632,000 after acquiring an additional 544 shares during the last quarter. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Down 0.9%

Shares of NYSEARCA:RSP opened at $187.06 on Friday. The company has a market cap of $72.49 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05. The company has a 50-day moving average price of $188.06 and a 200-day moving average price of $180.02. 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).