Beacon Financial Advisory LLC Has $1.75 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Beacon Financial Advisory LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 10.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 9,636 shares of the company’s stock after buying an additional 930 shares during the period. Beacon Financial Advisory LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,751,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of RSP. Brighton Jones LLC increased its position in Invesco S&P 500 Equal Weight ETF by 3.4% during the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after buying an additional 246 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $83,931,000. Bison Wealth LLC increased its position in Invesco S&P 500 Equal Weight ETF by 25.8% during the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after buying an additional 4,295 shares during the last quarter. Rhumbline Advisers increased its position in Invesco S&P 500 Equal Weight ETF by 6.1% during the first quarter. Rhumbline Advisers now owns 15,236 shares of the company’s stock worth $2,639,000 after buying an additional 873 shares during the last quarter. Finally, Naples Global Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth $226,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock opened at $191.25 on Friday. The company has a market capitalization of $75.35 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $192.30. The company’s fifty day moving average price is $187.22 and its two-hundred day moving average price is $179.16.

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).