Invesco S&P 500 Equal Weight ETF $RSP is WESPAC Advisors LLC’s 10th Largest Position

WESPAC Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 45.0% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 13,285 shares of the company’s stock after buying an additional 4,122 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 1.5% of WESPAC Advisors LLC’s portfolio, making the stock its 10th biggest position. WESPAC Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,520,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in RSP. Investment Counsel Co. of Nevada bought a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth $29,000. Tompkins Financial Corp bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $32,000. GoalVest Advisory LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at about $34,000. Howe & Rusling Inc. increased its holdings in Invesco S&P 500 Equal Weight ETF by 51.9% in the 2nd quarter. Howe & Rusling Inc. now owns 287 shares of the company’s stock worth $52,000 after acquiring an additional 98 shares in the last quarter. Finally, Hanson & Doremus Investment Management raised its stake in Invesco S&P 500 Equal Weight ETF by 30.5% during the 2nd quarter. Hanson & Doremus Investment Management now owns 308 shares of the company’s stock worth $56,000 after acquiring an additional 72 shares during the period. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP opened at $197.78 on Wednesday. The firm has a market cap of $78.78 billion, a P/E ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $198.40. The company has a 50 day simple moving average of $191.26 and a two-hundred day simple moving average of $188.56.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.