Rehmann Capital Advisory Group Has $1.62 Million Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Rehmann Capital Advisory Group grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,895 shares of the company’s stock after buying an additional 541 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,617,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nova Wealth Management Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth about $25,000. Uniplan Investment Counsel Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter worth about $26,000. Richardson Capital Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter worth about $30,000. Howe & Rusling Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 190.8% in the first quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after buying an additional 124 shares during the period. Finally, Olde Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter worth about $37,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP opened at $189.84 on Thursday. The company has a 50 day simple moving average of $188.47 and a 200-day simple moving average of $180.62. The firm has a market capitalization of $73.15 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $192.30.

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).