Financial Enhancement Group LLC Grows Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Financial Enhancement Group LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 37.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 40,088 shares of the company’s stock after purchasing an additional 10,856 shares during the quarter. Financial Enhancement Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,530,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Banta Asset Management LP acquired a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $1,654,000. Allen Investment Management LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 32.8% during the fourth quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock worth $27,286,000 after purchasing an additional 35,220 shares during the last quarter. Vise Technologies Inc. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 144.2% in the fourth quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock valued at $968,000 after purchasing an additional 2,983 shares during the period. Financial Guidance Group Inc. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 13.2% in the fourth quarter. Financial Guidance Group Inc. now owns 35,947 shares of the company’s stock valued at $6,886,000 after purchasing an additional 4,197 shares during the period. Finally, Capital Investment Advisory Services LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 67.5% in the fourth quarter. Capital Investment Advisory Services LLC now owns 70,925 shares of the company’s stock valued at $13,586,000 after purchasing an additional 28,586 shares during the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 1.4%

Invesco S&P 500 Equal Weight ETF stock opened at $220.23 on Wednesday. The stock has a fifty day moving average price of $212.18 and a 200 day moving average price of $204.07. Invesco S&P 500 Equal Weight ETF has a 52 week low of $182.11 and a 52 week high of $220.45. The firm has a market capitalization of $99.52 billion, a P/E 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.