Optimum Investment Advisors Raises Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Optimum Investment Advisors grew its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,718 shares of the company’s stock after buying an additional 359 shares during the quarter. Optimum Investment Advisors’ holdings in Invesco S&P 500 Equal Weight ETF were worth $1,177,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SJS Investment Consulting Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 157.1% in the fourth quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock worth $25,000 after buying an additional 88 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 105.4% during the fourth quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after acquiring an additional 78 shares in the last quarter. FPC Investment Advisory Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $28,000. Truvestments Capital LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $29,000. Finally, Hemington Wealth Management grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 84.0% during the 4th quarter. Hemington Wealth Management now owns 184 shares of the company’s stock valued at $32,000 after purchasing an additional 84 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Down 0.5 %

Shares of NYSEARCA:RSP opened at $173.84 on Friday. The company’s fifty day moving average is $178.66 and its 200 day moving average is $179.06. Invesco S&P 500 Equal Weight ETF has a 52 week low of $158.83 and a 52 week high of $188.16. The stock has a market cap of $72.42 billion, a PE ratio of 20.93 and a beta of 1.07.

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).