PCG Asset Management LLC Boosts Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

PCG Asset Management LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 32.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,431 shares of the company’s stock after acquiring an additional 850 shares during the quarter. PCG Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $594,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RSP. Strategic Family Wealth Counselors L.L.C. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.5% during the 1st quarter. Strategic Family Wealth Counselors L.L.C. now owns 53,961 shares of the company’s stock valued at $9,348,000 after buying an additional 1,320 shares during the period. GAMMA Investing LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 21.9% in the 1st quarter. GAMMA Investing LLC now owns 2,737 shares of the company’s stock worth $474,000 after purchasing an additional 492 shares during the period. Rhumbline Advisers raised its holdings in Invesco S&P 500 Equal Weight ETF by 6.1% in the 1st quarter. Rhumbline Advisers now owns 15,236 shares of the company’s stock worth $2,639,000 after purchasing an additional 873 shares during the period. Alliancebernstein L.P. raised its holdings in Invesco S&P 500 Equal Weight ETF by 113.7% in the 4th quarter. Alliancebernstein L.P. now owns 30,224 shares of the company’s stock worth $5,296,000 after purchasing an additional 16,084 shares during the period. Finally, Farmers Trust Co. raised its holdings in Invesco S&P 500 Equal Weight ETF by 16.3% in the 1st quarter. Farmers Trust Co. now owns 9,516 shares of the company’s stock worth $1,648,000 after purchasing an additional 1,332 shares during the period. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $183.08 on Monday. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $188.16. The stock’s fifty day moving average is $182.03 and its 200 day moving average is $176.56. The stock has a market cap of $73.49 billion, a P/E ratio of 20.10 and a beta of 1.05.

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).