Kelleher Financial Advisors Purchases New Stake in Invesco S&P 500 Equal Weight ETF $RSP

Kelleher Financial Advisors acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 134,545 shares of the company’s stock, valued at approximately $27,988,000. Invesco S&P 500 Equal Weight ETF makes up 7.4% of Kelleher Financial Advisors’ investment portfolio, making the stock its 3rd biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 16.4% during the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after buying an additional 3,567,441 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth about $400,736,000. Clal Insurance Enterprises Holdings Ltd raised its position in Invesco S&P 500 Equal Weight ETF by 3.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,660,000 shares of the company’s stock worth $318,587,000 after buying an additional 60,000 shares during the last quarter. Trust Co of Tennessee lifted its stake in Invesco S&P 500 Equal Weight ETF by 1.3% during the 3rd quarter. Trust Co of Tennessee now owns 1,000,351 shares of the company’s stock valued at $208,091,000 after acquiring an additional 12,435 shares during the period. Finally, Eastern Bank lifted its stake in Invesco S&P 500 Equal Weight ETF by 52.2% during the 2nd quarter. Eastern Bank now owns 731,262 shares of the company’s stock valued at $155,591,000 after acquiring an additional 250,756 shares during the period. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 1.9%

Shares of RSP stock opened at $223.33 on Thursday. The company has a 50 day moving average price of $214.99 and a 200-day moving average price of $208.08. Invesco S&P 500 Equal Weight ETF has a 52 week low of $182.11 and a 52 week high of $223.50. The firm has a market capitalization of $102.98 billion, a PE ratio of 20.10 and a beta of 0.91.

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.