Phoenix Financial Ltd. Raises Position in Invesco S&P 500 Equal Weight ETF $RSP

Phoenix Financial Ltd. raised its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,768,432 shares of the company’s stock after buying an additional 214,432 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 4.4% of Phoenix Financial Ltd.’s holdings, making the stock its 4th largest position. Phoenix Financial Ltd.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $335,472,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of RSP. Realta Investment Advisors lifted its holdings in Invesco S&P 500 Equal Weight ETF by 15.5% in the second quarter. Realta Investment Advisors now owns 410 shares of the company’s stock valued at $75,000 after acquiring an additional 55 shares during the period. Fusion Capital LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 2.2% during the 2nd quarter. Fusion Capital LLC now owns 2,564 shares of the company’s stock valued at $466,000 after purchasing an additional 56 shares during the last quarter. Burns J W & Co. Inc. NY lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.4% in the 3rd quarter. Burns J W & Co. Inc. NY now owns 13,281 shares of the company’s stock worth $2,519,000 after purchasing an additional 57 shares during the period. Melfa Wealth Management Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.7% in the third quarter. Melfa Wealth Management Inc. now owns 3,473 shares of the company’s stock worth $659,000 after buying an additional 57 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC grew its position in Invesco S&P 500 Equal Weight ETF by 1.2% during the second quarter. Signature Estate & Investment Advisors LLC now owns 5,502 shares of the company’s stock valued at $1,000,000 after buying an additional 64 shares during the period. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

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

RSP opened at $199.24 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $200.78. The firm’s 50 day simple moving average is $193.25 and its two-hundred day simple moving average is $189.48. The company has a market capitalization of $82.68 billion, a PE ratio of 20.10 and a beta of 0.99.

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.