Invesco S&P 500 Equal Weight ETF $RSP is Fairway Wealth LLC’s 6th Largest Position

Fairway Wealth LLC grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 57.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,847 shares of the company’s stock after buying an additional 46,152 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 5.4% of Fairway Wealth LLC’s holdings, making the stock its 6th biggest holding. Fairway Wealth LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $23,053,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Townsend & Associates Inc purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth about $217,000. CMG Global Holdings LLC increased its position in Invesco S&P 500 Equal Weight ETF by 44.5% during the 2nd quarter. CMG Global Holdings LLC now owns 31,432 shares of the company’s stock worth $5,866,000 after purchasing an additional 9,679 shares in the last quarter. Sowa Financial Group Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth about $1,819,000. Stephens Inc. AR increased its position in Invesco S&P 500 Equal Weight ETF by 4.7% during the 2nd quarter. Stephens Inc. AR now owns 77,182 shares of the company’s stock worth $14,027,000 after purchasing an additional 3,440 shares in the last quarter. Finally, Balboa Wealth Partners purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth about $239,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.5%

Invesco S&P 500 Equal Weight ETF stock opened at $188.01 on Monday. The stock has a market cap of $72.67 billion, a PE ratio of 20.10 and a beta of 1.05. The stock has a 50-day moving average price of $188.16 and a 200 day moving average price of $180.26. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $192.30.

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).