24,906 Shares of Invesco S&P 500 Equal Weight ETF $RSP Bought by Valmark Advisers Inc.

Valmark Advisers Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,906 shares of the company’s stock, valued at approximately $5,181,000.

Other large investors also recently modified their holdings of the company. Highland Investment Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth approximately $26,000. Brandywine Financial Group increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 636.8% in the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares during the period. Valley National Advisers Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth $31,000. Rogco LP bought a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter valued at $34,000. Finally, Asset Dedication LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the first quarter valued at $36,000. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock traded up $0.44 during midday trading on Friday, hitting $221.16. 6,419,624 shares of the company’s stock were exchanged, compared to its average volume of 11,830,450. Invesco S&P 500 Equal Weight ETF has a 52-week low of $182.11 and a 52-week high of $224.20. The stock has a 50-day moving average price of $214.98 and a two-hundred day moving average price of $208.82. The company has a market cap of $104.35 billion, a P/E ratio of 20.90 and a beta of 0.91.

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.