UBS Group AG increased its stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA – Free Report) by 78.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 166,576 shares of the company’s stock after buying an additional 73,199 shares during the quarter. UBS Group AG owned about 1.55% of Invesco S&P 500 Equal Weight Income Advantage ETF worth $8,489,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. NBC Securities Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 8.0% during the fourth quarter. NBC Securities Inc. now owns 4,259 shares of the company’s stock worth $217,000 after buying an additional 316 shares during the last quarter. SageGuard Financial Group LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the fourth quarter worth about $3,732,000. Nations Financial Group Inc. IA ADV purchased a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the fourth quarter worth about $549,000. Optima Capital LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the fourth quarter worth about $170,000. Finally, Brown Lisle Cummings Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 55.3% during the fourth quarter. Brown Lisle Cummings Inc. now owns 1,825 shares of the company’s stock worth $93,000 after buying an additional 650 shares during the last quarter.
Invesco S&P 500 Equal Weight Income Advantage ETF Price Performance
NYSEARCA RSPA opened at $51.78 on Monday. Invesco S&P 500 Equal Weight Income Advantage ETF has a 52-week low of $47.84 and a 52-week high of $53.58. The business’s 50-day moving average price is $51.21 and its 200 day moving average price is $51.44. The firm has a market cap of $746.67 million, a P/E ratio of 20.77 and a beta of 0.60.
Invesco S&P 500 Equal Weight Income Advantage ETF Profile
The Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the S&P 500 Equal Weight Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection RSPA was launched on Jul 17, 2024 and is issued by Invesco.
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