Invesco S&P 500 Equal Weight ETF $RSP Stock: Refined Wealth Management Boosts Position

Refined Wealth Management raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 10.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,717 shares of the company’s stock after purchasing an additional 6,723 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 8.5% of Refined Wealth Management’s portfolio, making the stock its 3rd largest holding. Refined Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $15,127,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Armstrong Advisory Group Inc. increased its position in Invesco S&P 500 Equal Weight ETF by 61.5% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 225,453 shares of the company’s stock worth $46,899,000 after purchasing an additional 85,853 shares in the last quarter. Marquette Asset Management LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $43,000. Tilia Fiduciary Partners Inc. grew its holdings in Invesco S&P 500 Equal Weight ETF by 1.6% in the 3rd quarter. Tilia Fiduciary Partners Inc. now owns 4,892 shares of the company’s stock valued at $1,018,000 after buying an additional 76 shares during the period. Atlas Brown Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.8% during the 3rd quarter. Atlas Brown Inc. now owns 5,375 shares of the company’s stock worth $1,118,000 after acquiring an additional 145 shares during the period. Finally, Castleview Partners LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 31.5% in the third quarter. Castleview Partners LLC now owns 3,501 shares of the company’s stock valued at $728,000 after purchasing an additional 838 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 traded down $0.36 during trading hours on Tuesday, hitting $212.82. The stock had a trading volume of 4,553,748 shares, compared to its average volume of 11,989,995. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $223.43. The firm has a market cap of $96.72 billion, a P/E ratio of 20.10 and a beta of 0.92. The company’s fifty day simple moving average is $216.30 and its 200 day simple moving average is $209.87.

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.