Invesco S&P 500 Equal Weight ETF $RSP Position Boosted by Tucker Asset Management LLC

Tucker Asset Management LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111,161 shares of the company’s stock after purchasing an additional 17,643 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 5.8% of Tucker Asset Management LLC’s portfolio, making the stock its 4th largest position. Tucker Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $23,652,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Highland Investment Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth about $26,000. Brandywine Financial Group boosted its holdings in Invesco S&P 500 Equal Weight ETF by 636.8% during the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after acquiring an additional 121 shares during the period. Nalls Sherbakoff Group LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $29,000. Rogco LP bought a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $34,000. Finally, Hurley Capital LLC grew its position in Invesco S&P 500 Equal Weight ETF by 200.0% during the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after acquiring an additional 118 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 Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $219.00 on Monday. Invesco S&P 500 Equal Weight ETF has a one year low of $182.11 and a one year high of $223.43. The business’s 50 day simple moving average is $217.21 and its two-hundred day simple moving average is $207.41. The stock has a market capitalization of $98.97 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.