Chicago Wealth Management Inc. Grows Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Chicago Wealth Management Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.1% in the first quarter, HoldingsChannel.com reports. The firm owned 61,306 shares of the company’s stock after purchasing an additional 1,281 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 5.6% of Chicago Wealth Management Inc.’s investment portfolio, making the stock its 4th largest position. Chicago Wealth Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,620,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. D.B. Root & Company LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 36.2% during the first quarter. D.B. Root & Company LLC now owns 4,612 shares of the company’s stock worth $799,000 after acquiring an additional 1,226 shares during the last quarter. Hobbs Group Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth about $211,000. Ameriprise Financial Inc. lifted its position in Invesco S&P 500 Equal Weight ETF by 1.8% during the 1st quarter. Ameriprise Financial Inc. now owns 3,724,141 shares of the company’s stock valued at $646,126,000 after purchasing an additional 65,243 shares during the period. Mosaic Financial Group LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.6% in the 1st quarter. Mosaic Financial Group LLC now owns 18,811 shares of the company’s stock valued at $3,259,000 after purchasing an additional 471 shares during the last quarter. Finally, Lionsbridge Wealth Management LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 73.0% during the 1st quarter. Lionsbridge Wealth Management LLC now owns 11,998 shares of the company’s stock worth $2,078,000 after buying an additional 5,064 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP opened at $185.87 on Friday. The firm has a 50 day simple moving average of $183.37 and a 200 day simple moving average of $176.89. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $188.16. The company has a market cap of $73.68 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05.

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).