Pettinga Financial Advisors LLC Raises Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Pettinga Financial Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 745.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 24,966 shares of the company’s stock after buying an additional 22,013 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 1.0% of Pettinga Financial Advisors LLC’s holdings, making the stock its 24th biggest position. Pettinga Financial Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,375,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of RSP. Barclays PLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 10.5% during the third quarter. Barclays PLC now owns 649,104 shares of the company’s stock valued at $116,294,000 after purchasing an additional 61,928 shares in the last quarter. Ironwood Wealth Management LLC. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 12.7% during the fourth quarter. Ironwood Wealth Management LLC. now owns 31,036 shares of the company’s stock valued at $5,438,000 after purchasing an additional 3,500 shares in the last quarter. Beaumont Financial Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 3.2% during the fourth quarter. Beaumont Financial Advisors LLC now owns 1,866 shares of the company’s stock valued at $327,000 after purchasing an additional 58 shares in the last quarter. Simon Quick Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at about $518,000. Finally, Marino Stram & Associates LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 6.0% during the fourth quarter. Marino Stram & Associates LLC now owns 25,154 shares of the company’s stock valued at $4,408,000 after purchasing an additional 1,433 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Down 0.3%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $175.03 on Friday. The firm has a market cap of $71.73 billion, a price-to-earnings ratio of 20.59 and a beta of 1.00. The business has a 50-day moving average price of $169.41 and a 200-day moving average price of $176.37. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $188.16.

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).