Invesco S&P 500 Equal Weight ETF $RSP Shares Acquired by Financial Enhancement Group LLC

Financial Enhancement Group LLC increased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 37.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,088 shares of the company’s stock after buying an additional 10,856 shares during the period. Financial Enhancement Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,530,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Brandywine Financial Group lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 636.8% in the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares in the last quarter. Nalls Sherbakoff Group LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $29,000. Hurley Capital LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 200.0% during the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after purchasing an additional 118 shares in the last quarter. Asset Dedication LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $36,000. Finally, Basepoint Wealth LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $40,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $220.23 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $182.11 and a 1 year high of $220.45. The business has a 50 day moving average price of $212.18 and a 200 day moving average price of $204.07. The company has a market capitalization of $99.52 billion, a P/E ratio of 20.10 and a beta of 0.91.

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). 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.