Gateway Wealth Partners LLC Grows Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Gateway Wealth Partners LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 29.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 26,878 shares of the company’s stock after acquiring an additional 6,036 shares during the period. Invesco S&P 500 Equal Weight ETF makes up approximately 1.3% of Gateway Wealth Partners LLC’s investment portfolio, making the stock its 14th largest holding. Gateway Wealth Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,416,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. VitalStone Financial LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $303,000. Optimum Investment Advisors grew its stake in Invesco S&P 500 Equal Weight ETF by 95.5% during the 1st quarter. Optimum Investment Advisors now owns 2,170 shares of the company’s stock valued at $368,000 after purchasing an additional 1,060 shares during the last quarter. Tran Capital Management L.P. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $434,000. Regal Wealth Group Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 653.6% in the fourth quarter. Regal Wealth Group Inc. now owns 19,540 shares of the company’s stock worth $3,034,000 after purchasing an additional 16,947 shares during the last quarter. Finally, Destination Wealth Management lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 5.1% during the second quarter. Destination Wealth Management now owns 1,996 shares of the company’s stock worth $328,000 after purchasing an additional 96 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Up 0.4 %

Shares of NYSEARCA RSP opened at $178.93 on Monday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $133.34 and a 52 week high of $179.94. The firm has a market cap of $59.93 billion, a P/E ratio of 20.44 and a beta of 0.90. The business’s 50 day moving average price is $171.97 and its 200 day moving average price is $167.52.

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).