Independent Advisor Alliance Purchases 13,646 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Independent Advisor Alliance lifted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 43.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 45,329 shares of the company’s stock after buying an additional 13,646 shares during the period. Independent Advisor Alliance’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,153,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. J.W. Cole Advisors Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 126.8% in the 4th quarter. J.W. Cole Advisors Inc. now owns 40,455 shares of the company’s stock worth $6,384,000 after buying an additional 22,615 shares in the last quarter. TFB Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 38.5% in the 4th quarter. TFB Advisors LLC now owns 1,965 shares of the company’s stock worth $310,000 after purchasing an additional 546 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Invesco S&P 500 Equal Weight ETF by 161.7% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 15,493 shares of the company’s stock worth $2,195,000 after purchasing an additional 9,573 shares during the period. Roble Belko & Company Inc bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $263,000. Finally, Apexium Financial LP raised its position in shares of Invesco S&P 500 Equal Weight ETF by 111.6% during the fourth quarter. Apexium Financial LP now owns 14,908 shares of the company’s stock valued at $2,353,000 after buying an additional 7,864 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Up 0.1 %

RSP traded up $0.25 during trading on Friday, hitting $168.04. 3,461,460 shares of the company traded hands, compared to its average volume of 6,346,246. The company has a market cap of $56.28 billion, a PE ratio of 20.44 and a beta of 0.90. The stock’s 50-day simple moving average is $164.77 and its two-hundred day simple moving average is $157.92. Invesco S&P 500 Equal Weight ETF has a 1 year low of $133.34 and a 1 year high of $169.80.

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).