Cornerstone Wealth Group LLC Boosts Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Cornerstone Wealth Group LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 77,947 shares of the company’s stock after buying an additional 6,242 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 1.0% of Cornerstone Wealth Group LLC’s holdings, making the stock its 20th largest position. Cornerstone Wealth Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $14,786,000 as of its most recent filing with the SEC.

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

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock opened at $196.08 on Wednesday. The firm has a 50 day simple moving average of $192.32 and a 200-day simple moving average of $189.06. The stock has a market cap of $78.98 billion, a price-to-earnings 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 $200.10.

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.