Echo45 Advisors LLC Buys 2,346 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Echo45 Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 87,450 shares of the company’s stock after purchasing an additional 2,346 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 9.6% of Echo45 Advisors LLC’s portfolio, making the stock its 2nd largest position. Echo45 Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $18,607,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Highland Investment Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at $26,000. Brandywine Financial Group increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 636.8% during the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after buying an additional 121 shares during the last quarter. Nalls Sherbakoff Group LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $29,000. Rogco LP acquired a new position in Invesco S&P 500 Equal Weight ETF in the second quarter valued at $34,000. Finally, Hurley Capital LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 200.0% in the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after acquiring an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 0.5%

RSP stock opened at $219.00 on Friday. The stock has a 50-day moving average price of $217.21 and a two-hundred day moving average price of $207.38. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $223.43. The company has a market cap of $98.97 billion, a PE ratio of 20.10 and a beta of 0.91.

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.