Concurrent Investment Advisors LLC Raises Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Concurrent Investment Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 14.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 81,721 shares of the company’s stock after acquiring an additional 10,147 shares during the period. Concurrent Investment Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $14,851,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in RSP. Nova Wealth Management Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF during the second quarter worth $25,000. Uniplan Investment Counsel Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth $26,000. Richardson Capital Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth $30,000. OLD Second National Bank of Aurora acquired a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth $31,000. Finally, Howe & Rusling Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF by 190.8% during the first quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after purchasing an additional 124 shares in 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 Down 2.3%

NYSEARCA:RSP opened at $185.12 on Friday. The stock’s fifty day moving average is $187.69 and its two-hundred day moving average is $179.67. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $192.30. The stock has a market capitalization of $72.28 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05.

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).