Principal Street Partners LLC Makes New $15.99 Million Investment in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Principal Street Partners LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 91,231 shares of the company’s stock, valued at approximately $15,986,000. Invesco S&P 500 Equal Weight ETF comprises about 3.1% of Principal Street Partners LLC’s portfolio, making the stock its 4th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in RSP. Vista Investment Management lifted its stake in Invesco S&P 500 Equal Weight ETF by 39.2% during the fourth quarter. Vista Investment Management now owns 4,445 shares of the company’s stock worth $779,000 after purchasing an additional 1,252 shares during the last quarter. Waverly Advisors LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 7.7% during the fourth quarter. Waverly Advisors LLC now owns 569,742 shares of the company’s stock valued at $99,836,000 after buying an additional 40,880 shares during the last quarter. Williams Jones Wealth Management LLC. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 12.6% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 18,613 shares of the company’s stock worth $3,262,000 after purchasing an additional 2,089 shares in the last quarter. Willis Johnson & Associates Inc. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 7.9% during the 4th quarter. Willis Johnson & Associates Inc. now owns 5,094 shares of the company’s stock worth $893,000 after buying an additional 371 shares in the last quarter. Finally, Visionary Wealth Advisors boosted its stake in Invesco S&P 500 Equal Weight ETF by 2.6% during the 4th quarter. Visionary Wealth Advisors now owns 6,486 shares of the company’s stock valued at $1,137,000 after purchasing an additional 165 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Down 0.0%

Shares of NYSEARCA RSP opened at $179.97 on Tuesday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $188.16. The company has a market capitalization of $73.75 billion, a price-to-earnings ratio of 20.59 and a beta of 1.00. The firm has a 50-day moving average of $169.15 and a two-hundred day moving average of $176.36.

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).