Crown Wealth Group LLC raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 80.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,695 shares of the company’s stock after purchasing an additional 2,535 shares during the period. Crown Wealth Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,185,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Venture Visionary Partners LLC increased its position in Invesco S&P 500 Equal Weight ETF by 1.6% during the 3rd quarter. Venture Visionary Partners LLC now owns 384,586 shares of the company’s stock worth $80,002,000 after purchasing an additional 5,887 shares in the last quarter. Rhodes Investment Advisors Inc. ADV acquired a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $794,000. NewEdge Advisors LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 16.9% in the 2nd quarter. NewEdge Advisors LLC now owns 528,103 shares of the company’s stock valued at $112,364,000 after purchasing an additional 76,324 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $2,939,000. Finally, Corient Private Wealth LP lifted its holdings in Invesco S&P 500 Equal Weight ETF by 17.5% in the 2nd quarter. Corient Private Wealth LP now owns 396,727 shares of the company’s stock valued at $84,412,000 after purchasing an additional 58,956 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 Trading Down 0.3%
Shares of Invesco S&P 500 Equal Weight ETF stock traded down $0.69 during mid-day trading on Monday, hitting $213.40. 5,971,682 shares of the stock were exchanged, compared to its average volume of 11,953,941. Invesco S&P 500 Equal Weight ETF has a twelve month low of $182.11 and a twelve month high of $223.43. The stock has a market capitalization of $98.62 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The company has a 50-day simple moving average of $215.81 and a 200 day simple moving average of $210.53.
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.
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