Invesco S&P 500 Equal Weight ETF $RSP Shares Bought by Rainey & Randall Wealth Advisors Inc.

Rainey & Randall Wealth Advisors Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 253,675 shares of the company’s stock after buying an additional 4,089 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 7.9% of Rainey & Randall Wealth Advisors Inc.’s holdings, making the stock its 5th largest holding. Rainey & Randall Wealth Advisors Inc. owned 0.06% of Invesco S&P 500 Equal Weight ETF worth $48,594,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NBZ Investment Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $26,000. Dorato Capital Management bought a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $26,000. Aviso Financial Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $28,000. IMA Advisory Services Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $33,000. Finally, Cloud Capital Management LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $35,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Up 1.3%

NYSEARCA:RSP opened at $203.16 on Friday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $157.71 and a twelve month high of $205.24. The business has a 50 day moving average price of $198.01 and a two-hundred day moving average price of $194.24. The company has a market cap of $88.99 billion, a P/E ratio of 20.10 and a beta of 0.94.

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). 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.