Phoenix Wealth Advisors Increases Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Phoenix Wealth Advisors boosted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 30,369 shares of the company’s stock after purchasing an additional 726 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 2.3% of Phoenix Wealth Advisors’ holdings, making the stock its 10th biggest holding. Phoenix Wealth Advisors’ holdings in Invesco S&P 500 Equal Weight ETF were worth $5,519,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RSP. Brighton Jones LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 3.4% during the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after acquiring an additional 246 shares in the last quarter. Heck Capital Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at approximately $83,931,000. Bison Wealth LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 25.8% during the 4th 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 last quarter. Edgestream Partners L.P. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at $1,079,000. Finally, Wealthfront Advisers LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 29.7% in the first quarter. Wealthfront Advisers LLC now owns 22,182 shares of the company’s stock worth $3,843,000 after purchasing an additional 5,082 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP opened at $188.03 on Friday. The firm has a market cap of $72.73 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The business has a 50-day simple moving average of $188.86 and a two-hundred day simple moving average of $183.74. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $192.33.

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).