IFP Advisors Inc Increases Position in Invesco S&P 500 Equal Weight ETF $RSP

IFP Advisors Inc boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 11.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 163,405 shares of the company’s stock after purchasing an additional 17,111 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 0.9% of IFP Advisors Inc’s portfolio, making the stock its 14th largest position. IFP Advisors Inc’s holdings in Invesco S&P 500 Equal Weight ETF were worth $29,698,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Realta Investment Advisors lifted its holdings in Invesco S&P 500 Equal Weight ETF by 15.5% during the 2nd quarter. Realta Investment Advisors now owns 410 shares of the company’s stock valued at $75,000 after buying an additional 55 shares in the last quarter. Battery Global Advisors LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 0.5% during the 1st quarter. Battery Global Advisors LLC now owns 12,604 shares of the company’s stock valued at $2,183,000 after buying an additional 60 shares in the last quarter. Rosenberg Matthew Hamilton lifted its holdings in Invesco S&P 500 Equal Weight ETF by 1.6% during the 1st quarter. Rosenberg Matthew Hamilton now owns 3,951 shares of the company’s stock valued at $684,000 after buying an additional 61 shares in the last quarter. Ehrlich Financial Group lifted its holdings in Invesco S&P 500 Equal Weight ETF by 1.4% during the 2nd quarter. Ehrlich Financial Group now owns 4,792 shares of the company’s stock valued at $871,000 after buying an additional 65 shares in the last quarter. Finally, Live Oak Private Wealth LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 2.0% during the 1st quarter. Live Oak Private Wealth LLC now owns 3,428 shares of the company’s stock valued at $594,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $189.39 on Friday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $192.30. The company has a 50-day moving average of $187.61 and a 200 day moving average of $179.56. The firm has a market capitalization of $73.94 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05.

Invesco S&P 500 Equal Weight ETF 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).