Private Advisor Group LLC Raises Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Private Advisor Group LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 24.4% during the first quarter, Holdings Channel reports. The fund owned 524,881 shares of the company’s stock after purchasing an additional 102,918 shares during the quarter. Private Advisor Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $100,735,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSP. Cary Street Partners Investment Advisory LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 5.5% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock valued at $188,000 after purchasing an additional 51 shares during the last quarter. Ballast Rock Private Wealth LLC boosted its stake in shares of 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 worth $1,305,000 after purchasing an additional 51 shares during the last quarter. Pacific Point Advisors LLC boosted its stake in shares of 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 worth $250,000 after purchasing an additional 52 shares during the last quarter. Merkkuri Wealth Advisors LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.5% during the first quarter. Merkkuri Wealth Advisors LLC now owns 11,865 shares of the company’s stock worth $2,277,000 after buying an additional 54 shares in the last quarter. Finally, Jessup Wealth Management Inc grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.8% during the fourth quarter. Jessup Wealth Management Inc now owns 3,068 shares of the company’s stock worth $588,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $214.91 on Friday. The firm has a 50 day simple moving average of $207.09 and a 200-day simple moving average of $200.79. The firm has a market cap of $93.84 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 1-year low of $179.94 and a 1-year high of $215.61.

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.