OMNI 360 Wealth Inc. Grows Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

OMNI 360 Wealth Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 10.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 9,750 shares of the company’s stock after purchasing an additional 915 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 1.0% of OMNI 360 Wealth Inc.’s portfolio, making the stock its 27th largest position. OMNI 360 Wealth Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in RSP. Cambridge Financial Group Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $28,000. Joseph Group Capital Management acquired a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $29,000. Bridge Generations Wealth Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $29,000. Richardson Capital Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $30,000. Finally, OLD Second National Bank of Aurora acquired a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.2%

NYSEARCA RSP opened at $184.06 on Tuesday. The business’s 50 day moving average is $177.30 and its two-hundred day moving average is $175.34. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $188.16. The stock has a market capitalization of $73.89 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).