Gateway Wealth Partners LLC Boosts Position in Invesco S&P 500 Equal Weight ETF $RSP

Gateway Wealth Partners LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 60.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,713 shares of the company’s stock after acquiring an additional 24,315 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $12,420,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in RSP. Dorato Capital Management purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $26,000. Nalls Sherbakoff Group LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $29,000. Hurley Capital LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 200.0% during the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after acquiring an additional 118 shares in the last quarter. Basepoint Wealth LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $40,000. Finally, Raleigh Capital Management Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $42,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $213.57 on Monday. The company has a market capitalization of $95.89 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The company has a 50 day moving average of $210.53 and a two-hundred day moving average of $203.11. Invesco S&P 500 Equal Weight ETF has a 52-week low of $179.94 and a 52-week high of $216.37.

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.