Steele Capital Management Inc. Grows Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Steele Capital Management Inc. raised its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 189,509 shares of the company’s stock after acquiring an additional 4,564 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 1.6% of Steele Capital Management Inc.’s investment portfolio, making the stock its 18th largest position. Steele Capital Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $35,950,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Realta Investment Advisors raised its position in shares of Invesco S&P 500 Equal Weight ETF by 15.5% in the second quarter. Realta Investment Advisors now owns 410 shares of the company’s stock valued at $75,000 after buying an additional 55 shares during the last quarter. Fusion Capital LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 2.2% during the second quarter. Fusion Capital LLC now owns 2,564 shares of the company’s stock worth $466,000 after buying an additional 56 shares during the period. Burns J W & Co. Inc. NY boosted its stake in Invesco S&P 500 Equal Weight ETF by 0.4% during the third quarter. Burns J W & Co. Inc. NY now owns 13,281 shares of the company’s stock worth $2,519,000 after buying an additional 57 shares during the period. Signature Estate & Investment Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 1.2% during the second quarter. Signature Estate & Investment Advisors LLC now owns 5,502 shares of the company’s stock valued at $1,000,000 after acquiring an additional 64 shares during the last quarter. Finally, Ehrlich Financial Group raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.4% in the 2nd quarter. Ehrlich Financial Group now owns 4,792 shares of the company’s stock valued at $871,000 after acquiring an additional 65 shares during the period. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $197.60 on Friday. The firm has a market cap of $77.89 billion, a P/E ratio of 20.10 and a beta of 0.99. The firm’s 50 day moving average price is $190.82 and its 200-day moving average price is $188.19. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $198.07.

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). 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.