Private Advisor Group LLC Raises Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Private Advisor Group LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 24.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 524,881 shares of the company’s stock after acquiring an additional 102,918 shares during the period. Private Advisor Group LLC owned about 0.12% of Invesco S&P 500 Equal Weight ETF worth $100,735,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brookstone Capital Management grew its stake in Invesco S&P 500 Equal Weight ETF by 2.5% in the 4th 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 last quarter. Banta Asset Management LP acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $1,654,000. Allen Investment Management LLC raised its position in Invesco S&P 500 Equal Weight ETF by 32.8% during the fourth quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock worth $27,286,000 after acquiring an additional 35,220 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $777,000. Finally, Vise Technologies Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 144.2% in the fourth 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 in the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP stock opened at $214.91 on Friday. The company’s 50 day simple moving average is $207.09 and its 200-day simple moving average is $200.79. The firm has a market capitalization of $93.84 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 12 month low of $179.94 and a 12 month high of $215.61.

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). 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.