Koshinski Asset Management Inc. Has $10.16 Million Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Koshinski Asset Management Inc. raised its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 52,955 shares of the company’s stock after acquiring an additional 3,334 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 0.6% of Koshinski Asset Management Inc.’s investment portfolio, making the stock its 29th largest position. Koshinski Asset Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,163,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of RSP. Brookstone Capital Management increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.5% in the 4th quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock valued at $51,697,000 after acquiring an additional 6,481 shares in the last quarter. Banta Asset Management LP acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $1,654,000. Allen Investment Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 32.8% in the fourth quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock valued at $27,286,000 after purchasing an additional 35,220 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $777,000. Finally, Vise Technologies Inc. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 144.2% during the fourth quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock worth $968,000 after purchasing an additional 2,983 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA RSP opened at $214.91 on Friday. The stock’s 50 day moving average price is $207.33 and its 200-day moving average price is $200.89. Invesco S&P 500 Equal Weight ETF has a twelve month low of $179.94 and a twelve month high of $215.61. The company has a market capitalization of $94.78 billion, a PE ratio of 20.10 and a beta of 0.91.

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.