Verdence Capital Advisors LLC increased its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 251.4% in the third quarter, HoldingsChannel reports. The fund owned 71,585 shares of the company’s stock after purchasing an additional 51,216 shares during the period. Verdence Capital Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $14,891,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. Weaver Consulting Group grew its position in Invesco S&P 500 Equal Weight ETF by 1.5% during the 3rd quarter. Weaver Consulting Group now owns 3,217 shares of the company’s stock worth $669,000 after acquiring an additional 48 shares during the last quarter. Sage Capital Advisors llc increased its stake in Invesco S&P 500 Equal Weight ETF by 2.0% in the 3rd quarter. Sage Capital Advisors llc now owns 2,461 shares of the company’s stock worth $512,000 after purchasing an additional 48 shares during the period. Charis Legacy Partners LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 0.5% in the 2nd quarter. Charis Legacy Partners LLC now owns 10,780 shares of the company’s stock worth $2,294,000 after purchasing an additional 49 shares during the period. Canvas Wealth Advisors LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 1.2% in the second quarter. Canvas Wealth Advisors LLC now owns 4,373 shares of the company’s stock valued at $930,000 after purchasing an additional 50 shares during the last quarter. Finally, Tenon Financial LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 1.0% in the third quarter. Tenon Financial LLC now owns 5,185 shares of the company’s stock valued at $1,079,000 after purchasing an additional 50 shares during the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.
Invesco S&P 500 Equal Weight ETF Stock Performance
NYSEARCA:RSP opened at $217.29 on Tuesday. The firm has a market cap of $99.69 billion, a PE ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $182.11 and a fifty-two week high of $223.43. The business has a 50 day moving average price of $215.35 and a 200-day moving average price of $207.21.
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.
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