Birchcreek Wealth Management LLC Boosts Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Birchcreek Wealth Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 12.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,423 shares of the company’s stock after purchasing an additional 3,255 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 2.8% of Birchcreek Wealth Management LLC’s portfolio, making the stock its 6th biggest position. Birchcreek Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,643,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Manning & Napier Group LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 5.1% in the 3rd quarter. Manning & Napier Group LLC now owns 105,858 shares of the company’s stock worth $14,999,000 after purchasing an additional 5,092 shares during the period. Lake Street Financial LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 58.7% during the third quarter. Lake Street Financial LLC now owns 4,896 shares of the company’s stock worth $696,000 after buying an additional 1,810 shares during the period. Lodestone Wealth Management LLC raised its position in Invesco S&P 500 Equal Weight ETF by 3.8% in the 3rd quarter. Lodestone Wealth Management LLC now owns 2,161 shares of the company’s stock valued at $306,000 after buying an additional 79 shares during the last quarter. Brookstone Capital Management lifted its stake in Invesco S&P 500 Equal Weight ETF by 135.7% in the 3rd quarter. Brookstone Capital Management now owns 19,268 shares of the company’s stock valued at $2,673,000 after acquiring an additional 11,094 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,061,227 shares of the company’s stock worth $150,365,000 after acquiring an additional 22,670 shares in the last quarter.

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

Shares of RSP stock traded up $1.12 during trading on Monday, reaching $163.55. The company’s stock had a trading volume of 2,017,646 shares, compared to its average volume of 6,538,052. The company has a market cap of $55.53 billion, a price-to-earnings ratio of 20.43 and a beta of 0.93. Invesco S&P 500 Equal Weight ETF has a one year low of $133.34 and a one year high of $169.80. The business has a fifty day moving average price of $164.11 and a 200-day moving average price of $155.22.

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).