Kelleher Financial Advisors Makes New $27.99 Million Investment in Invesco S&P 500 Equal Weight ETF $RSP

Kelleher Financial Advisors acquired a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 134,545 shares of the company’s stock, valued at approximately $27,988,000. Invesco S&P 500 Equal Weight ETF accounts for approximately 7.4% of Kelleher Financial Advisors’ portfolio, making the stock its 3rd largest holding.

A number of other institutional investors also recently bought and sold shares of RSP. Focused Wealth Management Inc increased its position in Invesco S&P 500 Equal Weight ETF by 0.4% in the third quarter. Focused Wealth Management Inc now owns 72,345 shares of the company’s stock worth $15,049,000 after buying an additional 272 shares in the last quarter. Third View Private Wealth LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 32.5% in the third quarter. Third View Private Wealth LLC now owns 6,451 shares of the company’s stock worth $1,342,000 after buying an additional 1,581 shares during the period. Provenance Wealth Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 12.3% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 7,291 shares of the company’s stock valued at $1,517,000 after buying an additional 798 shares in the last quarter. Lunt Capital Management Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 4.7% during the 3rd quarter. Lunt Capital Management Inc. now owns 35,891 shares of the company’s stock valued at $7,466,000 after buying an additional 1,608 shares in the last quarter. Finally, One Day In July LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.5% during the 3rd quarter. One Day In July LLC now owns 336,175 shares of the company’s stock valued at $69,931,000 after buying an additional 11,348 shares in the last quarter. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 1.9%

Invesco S&P 500 Equal Weight ETF stock opened at $223.33 on Thursday. The firm has a 50 day moving average of $214.99 and a 200 day moving average of $208.08. The firm has a market capitalization of $102.98 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $223.50.

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.