Invesco S&P 500 Equal Weight ETF $RSP Holdings Increased by Milestone Asset Management LLC

Milestone Asset Management LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 734.0% in the third quarter, Holdings Channel reports. The fund owned 9,591 shares of the company’s stock after purchasing an additional 8,441 shares during the quarter. Milestone Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,995,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in RSP. Highland Investment Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter worth approximately $26,000. Brandywine Financial Group raised its position in Invesco S&P 500 Equal Weight ETF by 636.8% during the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares during the period. Nalls Sherbakoff Group LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $29,000. Rogco LP bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at approximately $34,000. Finally, Asset Dedication LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at approximately $36,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $215.00 on Friday. The business’s 50 day moving average price is $215.93 and its 200-day moving average price is $210.35. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $182.11 and a fifty-two week high of $223.43. The company has a market cap of $98.68 billion, a P/E ratio of 20.10 and a beta of 0.92.

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.