99,428 Shares in Invesco S&P 500 Equal Weight ETF $RSP Purchased by Parcion Private Wealth LLC

Parcion Private Wealth LLC purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, HoldingsChannel reports. The fund purchased 99,428 shares of the company’s stock, valued at approximately $18,861,000. Invesco S&P 500 Equal Weight ETF accounts for approximately 1.2% of Parcion Private Wealth LLC’s portfolio, making the stock its 22nd biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of RSP. Precedent Wealth Partners LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 14.6% during the third quarter. Precedent Wealth Partners LLC now owns 37,771 shares of the company’s stock valued at $7,165,000 after purchasing an additional 4,803 shares in the last quarter. Berger Financial Group Inc boosted its stake in Invesco S&P 500 Equal Weight ETF by 2.6% during the third quarter. Berger Financial Group Inc now owns 2,678 shares of the company’s stock valued at $508,000 after buying an additional 68 shares during the last quarter. HBK Sorce Advisory LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 3.0% during the third quarter. HBK Sorce Advisory LLC now owns 27,099 shares of the company’s stock valued at $5,175,000 after buying an additional 784 shares during the last quarter. S.A. Mason LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 7.6% during the 3rd quarter. S.A. Mason LLC now owns 1,419 shares of the company’s stock valued at $269,000 after buying an additional 100 shares in the last quarter. Finally, Berkshire Money Management Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 13.9% in the 3rd quarter. Berkshire Money Management Inc. now owns 282,337 shares of the company’s stock worth $53,559,000 after acquiring an additional 34,350 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $193.54 on Tuesday. The stock has a market capitalization of $74.86 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $195.46. The business’s 50 day simple moving average is $189.49 and its 200-day simple moving average is $186.78.

Invesco S&P 500 Equal Weight ETF Company 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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.