Financial Enhancement Group LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 63.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 29,232 shares of the company’s stock after acquiring an additional 11,310 shares during the period. Financial Enhancement Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,939,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Cardinal Point Capital Management ULC bought a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at $727,000. Ritholtz Wealth Management lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 44.7% during the first quarter. Ritholtz Wealth Management now owns 8,061 shares of the company’s stock worth $1,547,000 after purchasing an additional 2,491 shares during the last quarter. Breakwater Capital Group lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 0.9% during the first quarter. Breakwater Capital Group now owns 98,261 shares of the company’s stock worth $18,858,000 after purchasing an additional 864 shares during the last quarter. Global Financial Private Client LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 9.3% during the first quarter. Global Financial Private Client LLC now owns 19,159 shares of the company’s stock valued at $3,677,000 after purchasing an additional 1,633 shares during the period. Finally, Echo45 Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.8% during the first quarter. Echo45 Advisors LLC now owns 85,104 shares of the company’s stock valued at $16,333,000 after purchasing an additional 657 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Trading Up 0.7%
NYSEARCA RSP opened at $210.38 on Thursday. The company’s 50-day moving average price is $205.75 and its 200-day moving average price is $199.94. The stock has a market cap of $90.76 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 12 month low of $178.60 and a 12 month high of $214.30.
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). 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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