Invesco S&P 500 Equal Weight ETF $RSP Stock: Rainey & Randall Wealth Advisors Inc. Boosts Holdings

Rainey & Randall Wealth Advisors Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 266,045 shares of the company’s stock after purchasing an additional 4,061 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 8.5% of Rainey & Randall Wealth Advisors Inc.’s portfolio, making the stock its 4th largest position. Rainey & Randall Wealth Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $55,343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of America Corp DE lifted its stake in Invesco S&P 500 Equal Weight ETF by 16.4% in the 1st quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after purchasing an additional 3,567,441 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter valued at approximately $400,736,000. Eastern Bank bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $155,449,000. Rokos Capital Management LLP bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the first quarter worth $134,688,000. Finally, Quantum Portfolio Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the first quarter worth $104,325,000. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP opened at $217.29 on Tuesday. The company has a fifty day moving average of $215.35 and a 200-day moving average of $207.21. The company has a market capitalization of $99.69 billion, a PE ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 52-week low of $182.11 and a 52-week high of $223.43.

Invesco S&P 500 Equal Weight ETF 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.