Moran Wealth Management LLC Has $41.75 Million Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Moran Wealth Management LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4,499.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 217,549 shares of the company’s stock after buying an additional 212,819 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 1.3% of Moran Wealth Management LLC’s investment portfolio, making the stock its 6th biggest position. Moran Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $41,752,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dorato Capital Management bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $26,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $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 during the last quarter. Goodman Advisory Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $35,000. Finally, Basepoint Wealth LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $40,000. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP opened at $214.91 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $179.94 and a 52-week high of $215.61. The company has a market capitalization of $93.84 billion, a P/E ratio of 20.10 and a beta of 0.91. The company has a 50-day simple moving average of $207.33 and a 200 day simple moving average of $200.89.

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.