Bellwether Advisors LLC Invests $473,000 in Invesco S&P 500 Equal Weight ETF $RSP

Bellwether Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the first quarter, Holdings Channel reports. The institutional investor acquired 2,464 shares of the company’s stock, valued at approximately $473,000.

Several other institutional investors have also recently made changes to their positions in the company. Brookstone Capital Management increased its position in shares of Invesco S&P 500 Equal Weight ETF by 2.5% in the fourth quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock valued at $51,697,000 after buying an additional 6,481 shares in the last quarter. Banta Asset Management LP purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at approximately $1,654,000. Allen Investment Management LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 32.8% during the 4th quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock valued at $27,286,000 after buying an additional 35,220 shares in the last quarter. Vise Technologies Inc. grew its stake in Invesco S&P 500 Equal Weight ETF by 144.2% in the 4th quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock valued at $968,000 after acquiring an additional 2,983 shares during the period. Finally, Financial Guidance Group Inc. grew its stake in Invesco S&P 500 Equal Weight ETF by 13.2% in the 4th quarter. Financial Guidance Group Inc. now owns 35,947 shares of the company’s stock valued at $6,886,000 after acquiring an additional 4,197 shares during the period. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP opened at $212.76 on Wednesday. The firm has a market cap of $95.69 billion, a PE ratio of 20.10 and a beta of 0.91. The firm has a fifty day moving average of $209.93 and a 200 day moving average of $202.69. Invesco S&P 500 Equal Weight ETF has a one year low of $179.94 and a one year high of $216.37.

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.