Prism Advisors Inc. Raises Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Prism Advisors Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 10.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,379 shares of the company’s stock after purchasing an additional 5,683 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 3.0% of Prism Advisors Inc.’s holdings, making the stock its 14th largest position. Prism Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $11,396,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brookstone Capital Management boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.5% in the fourth quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock valued at $51,697,000 after acquiring an additional 6,481 shares during the period. Banta Asset Management LP acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $1,654,000. Allen Investment Management LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 32.8% in the 4th quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock valued at $27,286,000 after acquiring an additional 35,220 shares during the period. Tennessee Valley Asset Management Partners purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $777,000. Finally, Vise Technologies Inc. raised its position in Invesco S&P 500 Equal Weight ETF by 144.2% in the 4th quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock valued at $968,000 after purchasing an additional 2,983 shares during the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $212.77 on Wednesday. The stock has a market cap of $91.79 billion, a P/E ratio of 20.10 and a beta of 0.91. The firm has a fifty day moving average price of $206.65 and a 200 day moving average price of $200.51. Invesco S&P 500 Equal Weight ETF has a 1-year low of $179.94 and a 1-year high of $214.30.

Invesco S&P 500 Equal Weight ETF 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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.