Jackson Grant Investment Advisers Inc. Increases Stake in Invesco S&P 500 Equal Weight ETF $RSP

Jackson Grant Investment Advisers Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.5% in the 3rd quarter, Holdings Channel reports. The fund owned 152,849 shares of the company’s stock after acquiring an additional 5,136 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 9.7% of Jackson Grant Investment Advisers Inc.’s investment portfolio, making the stock its 2nd biggest position. Jackson Grant Investment Advisers Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $28,995,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in RSP. Investment Counsel Co. of Nevada acquired a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth $29,000. Tompkins Financial Corp bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $32,000. IMA Advisory Services Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $33,000. Cloud Capital Management LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $35,000. Finally, GoalVest Advisory LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $34,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Up 0.5%

NYSEARCA RSP opened at $204.09 on Friday. The firm’s 50 day moving average is $197.61 and its 200-day moving average is $191.57. The company has a market capitalization of $84.64 billion, a PE ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $205.24.

Invesco S&P 500 Equal Weight ETF Company 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.