Marino Stram & Associates LLC Raises Position in Invesco S&P 500 Equal Weight ETF $RSP

Marino Stram & Associates LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 27,304 shares of the company’s stock after purchasing an additional 1,466 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 1.0% of Marino Stram & Associates LLC’s portfolio, making the stock its 14th largest holding. Marino Stram & Associates LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,962,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RSP. Brighton Jones LLC grew its position in Invesco S&P 500 Equal Weight ETF by 3.4% during the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after acquiring an additional 246 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $83,931,000. Bison Wealth LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 25.8% during the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after purchasing an additional 4,295 shares during the period. Rhumbline Advisers grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 6.1% in the first 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 last quarter. Finally, Merit Financial Group LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 65.3% in the first quarter. Merit Financial Group LLC now owns 14,258 shares of the company’s stock worth $2,470,000 after buying an additional 5,635 shares during the period. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Up 0.3%

NYSEARCA:RSP opened at $189.70 on Wednesday. The firm has a market capitalization of $75.20 billion, a P/E ratio of 20.10 and a beta of 1.05. The company has a fifty day moving average of $187.02 and a 200 day moving average of $178.83. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $190.54.

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).