Kestra Private Wealth Services LLC Increases Stake in Invesco S&P 500 Equal Weight ETF $RSP

Kestra Private Wealth Services LLC raised its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 57,183 shares of the company’s stock after purchasing an additional 6,630 shares during the period. Kestra Private Wealth Services LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,974,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 5.5% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock worth $188,000 after buying an additional 51 shares in the last quarter. Ballast Rock Private Wealth LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 0.8% during the 1st quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock valued at $1,305,000 after acquiring an additional 51 shares in the last quarter. Pacific Point Advisors LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 4.2% during the 4th quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock valued at $250,000 after acquiring an additional 52 shares in the last quarter. Strategies Wealth Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 3.5% in the 3rd quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $307,000 after acquiring an additional 55 shares during the last quarter. Finally, Battery Global Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 0.4% in the 3rd quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock valued at $2,411,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP opened at $211.75 on Friday. The firm has a market capitalization of $91.35 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The company’s 50 day simple moving average is $205.99 and its two-hundred day simple moving average is $200.08. Invesco S&P 500 Equal Weight ETF has a 1-year low of $179.35 and a 1-year high of $214.30.

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). 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.