Retirement Financial Solutions LLC Makes New $9.33 Million Investment in Invesco S&P 500 Equal Weight Income Advantage ETF $RSPA

Retirement Financial Solutions LLC bought a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) during the 4th quarter, Holdings Channel reports. The firm bought 183,163 shares of the company’s stock, valued at approximately $9,334,000. Invesco S&P 500 Equal Weight Income Advantage ETF makes up 2.7% of Retirement Financial Solutions LLC’s investment portfolio, making the stock its 16th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RSPA. LPL Financial LLC grew its position in Invesco S&P 500 Equal Weight Income Advantage ETF by 51.6% during the fourth quarter. LPL Financial LLC now owns 643,604 shares of the company’s stock worth $32,798,000 after buying an additional 219,201 shares during the period. UBS Group AG acquired a new position in Invesco S&P 500 Equal Weight Income Advantage ETF during the third quarter worth about $4,769,000. SageGuard Financial Group LLC acquired a new position in Invesco S&P 500 Equal Weight Income Advantage ETF during the fourth quarter worth about $3,732,000. Prevail Innovative Wealth Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight Income Advantage ETF during the fourth quarter worth about $3,213,000. Finally, Jane Street Group LLC grew its position in Invesco S&P 500 Equal Weight Income Advantage ETF by 715.2% during the first quarter. Jane Street Group LLC now owns 64,152 shares of the company’s stock worth $3,157,000 after buying an additional 56,283 shares during the period.

Invesco S&P 500 Equal Weight Income Advantage ETF Stock Performance

Shares of RSPA opened at $53.34 on Monday. The firm’s 50-day moving average is $52.00 and its two-hundred day moving average is $51.75. Invesco S&P 500 Equal Weight Income Advantage ETF has a twelve month low of $48.51 and a twelve month high of $53.58. The firm has a market capitalization of $769.16 million, a P/E ratio of 20.77 and a beta of 0.59.

Invesco S&P 500 Equal Weight Income Advantage ETF Company Profile

The Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the S&P 500 Equal Weight Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection RSPA was launched on Jul 17, 2024 and is issued by Invesco.