Foundations Investment Advisors LLC Has $3.41 Million Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Foundations Investment Advisors LLC grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 428.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,034 shares of the company’s stock after purchasing an additional 15,432 shares during the period. Foundations Investment Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,410,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco S&P 500 Equal Weight ETF by 855.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock worth $3,379,816,000 after purchasing an additional 18,390,083 shares during the period. JPMorgan Chase & Co. raised its holdings in Invesco S&P 500 Equal Weight ETF by 48.9% in the first quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock worth $1,201,600,000 after purchasing an additional 2,328,560 shares during the period. Strategic Financial Concepts LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 11,793.3% in the second quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock worth $10,524,000 after purchasing an additional 6,352,369 shares during the period. LPL Financial LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 0.9% in the second quarter. LPL Financial LLC now owns 3,736,455 shares of the company’s stock worth $613,825,000 after purchasing an additional 34,825 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 0.4% in the second quarter. Envestnet Asset Management Inc. now owns 3,011,313 shares of the company’s stock worth $494,698,000 after purchasing an additional 11,263 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Down 0.4 %

Shares of NYSEARCA:RSP opened at $179.51 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $133.34 and a 12 month high of $182.22. The company’s fifty day simple moving average is $175.97 and its 200 day simple moving average is $169.03. The firm has a market cap of $60.13 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).