Koshinski Asset Management Inc. Acquires 3,334 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Koshinski Asset Management Inc. increased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,955 shares of the company’s stock after buying an additional 3,334 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 0.6% of Koshinski Asset Management Inc.’s holdings, making the stock its 29th largest position. Koshinski Asset Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,163,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cary Street Partners Investment Advisory LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 5.5% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock valued at $188,000 after acquiring an additional 51 shares during the period. Ballast Rock Private Wealth LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 0.8% in the first quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock valued at $1,305,000 after purchasing an additional 51 shares in the last quarter. Pacific Point Advisors LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 4.2% in the fourth quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock valued at $250,000 after purchasing an additional 52 shares in the last quarter. Merkkuri Wealth Advisors LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.5% during the 1st quarter. Merkkuri Wealth Advisors LLC now owns 11,865 shares of the company’s stock worth $2,277,000 after acquiring an additional 54 shares during the period. Finally, Jessup Wealth Management Inc lifted its stake in Invesco S&P 500 Equal Weight ETF by 1.8% during the fourth quarter. Jessup Wealth Management Inc now owns 3,068 shares of the company’s stock worth $588,000 after purchasing an additional 55 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $214.91 on Friday. The company has a market cap of $94.78 billion, a P/E ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a twelve month low of $179.94 and a twelve month high of $215.61. The business has a fifty day simple moving average of $207.33 and a 200 day simple moving average of $200.89.

About Invesco S&P 500 Equal Weight ETF

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.