PVG Asset Management Corp Makes New $638,000 Investment in Invesco S&P 500 Equal Weight ETF $RSP

PVG Asset Management Corp bought a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,513 shares of the company’s stock, valued at approximately $638,000. Invesco S&P 500 Equal Weight ETF comprises 2.2% of PVG Asset Management Corp’s portfolio, making the stock its 12th biggest position.

A number of other large investors have also recently made changes to their positions in RSP. Cypress Capital Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 10.5% during the second quarter. Cypress Capital Advisors LLC now owns 1,856 shares of the company’s stock valued at $337,000 after buying an additional 176 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 214.1% in the second quarter. Thrivent Financial for Lutherans now owns 44,360 shares of the company’s stock worth $8,062,000 after buying an additional 30,235 shares during the period. Claris Financial LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 8.9% during the 2nd quarter. Claris Financial LLC now owns 2,516 shares of the company’s stock worth $457,000 after acquiring an additional 205 shares during the last quarter. Promus Capital LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 47.6% during the 2nd quarter. Promus Capital LLC now owns 744 shares of the company’s stock worth $135,000 after acquiring an additional 240 shares during the last quarter. Finally, Silverlake Wealth Management LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 22.8% during the 2nd quarter. Silverlake Wealth Management LLC now owns 8,376 shares of the company’s stock valued at $1,522,000 after acquiring an additional 1,555 shares during the period. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Down 0.7%

RSP stock opened at $193.41 on Monday. The business’s fifty day simple moving average is $189.04 and its two-hundred day simple moving average is $186.11. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $195.47. The firm has a market cap of $74.81 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99.

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).