Valmark Advisers Inc. Makes New Investment in Invesco S&P 500 Equal Weight ETF $RSP

Valmark Advisers Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 24,906 shares of the company’s stock, valued at approximately $5,181,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in RSP. Valued Retirements Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 0.8% in the third quarter. Valued Retirements Inc. now owns 13,058 shares of the company’s stock worth $2,716,000 after acquiring an additional 98 shares in the last quarter. Money Concepts Capital Corp bought a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at $27,845,000. Allworth Financial LP increased its stake in Invesco S&P 500 Equal Weight ETF by 3.5% in the third quarter. Allworth Financial LP now owns 43,677 shares of the company’s stock valued at $9,293,000 after acquiring an additional 1,481 shares during the last quarter. Fisher Asset Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter valued at about $462,000. Finally, Private Advisory Group LLC raised its position in Invesco S&P 500 Equal Weight ETF by 21.9% during the third quarter. Private Advisory Group LLC now owns 21,328 shares of the company’s stock valued at $4,437,000 after purchasing an additional 3,827 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

RSP stock traded up $0.44 during mid-day trading on Friday, hitting $221.16. 6,419,624 shares of the stock were exchanged, compared to its average volume of 11,830,450. The business has a fifty day moving average price of $214.98 and a 200 day moving average price of $208.82. Invesco S&P 500 Equal Weight ETF has a 12 month low of $182.11 and a 12 month high of $224.20. The stock has a market capitalization of $104.35 billion, a price-to-earnings ratio of 20.90 and a beta of 0.91.

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.