Audent Global Asset Management LLC Takes Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Audent Global Asset Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 1st quarter, Holdings Channel.com reports. The fund purchased 8,930 shares of the company’s stock, valued at approximately $1,547,000. Invesco S&P 500 Equal Weight ETF comprises approximately 1.3% of Audent Global Asset Management LLC’s holdings, making the stock its 29th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 8.1% during the 1st quarter. ZWJ Investment Counsel Inc. now owns 49,400 shares of the company’s stock worth $8,558,000 after purchasing an additional 3,709 shares during the last quarter. Axis Wealth Partners LLC increased its position in Invesco S&P 500 Equal Weight ETF by 15.9% during the first quarter. Axis Wealth Partners LLC now owns 7,654 shares of the company’s stock worth $1,326,000 after buying an additional 1,052 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 2.4% in the first quarter. First Horizon Advisors Inc. now owns 162,090 shares of the company’s stock valued at $28,079,000 after buying an additional 3,775 shares during the last quarter. Strategic Financial Concepts LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 11.3% during the 1st quarter. Strategic Financial Concepts LLC now owns 82,316 shares of the company’s stock worth $14,260,000 after acquiring an additional 8,370 shares during the period. Finally, Novem Group increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 5.6% during the 1st quarter. Novem Group now owns 1,291 shares of the company’s stock worth $224,000 after acquiring an additional 68 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $184.29 on Thursday. The business has a fifty day simple moving average of $176.28 and a two-hundred day simple moving average of $175.22. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $188.16. The company has a market capitalization of $73.02 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05.

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).