Sowell Financial Services LLC Boosts Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Sowell Financial Services LLC raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 23.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,356 shares of the company’s stock after acquiring an additional 3,829 shares during the quarter. Sowell Financial Services LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,862,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. CMG Global Holdings LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 13.6% during the 3rd quarter. CMG Global Holdings LLC now owns 35,694 shares of the company’s stock worth $6,741,000 after purchasing an additional 4,262 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 46.5% in the second quarter. Geneos Wealth Management Inc. now owns 116,894 shares of the company’s stock valued at $21,244,000 after acquiring an additional 37,119 shares in the last quarter. Total Clarity Wealth Management Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF by 25.4% in the second quarter. Total Clarity Wealth Management Inc. now owns 4,304 shares of the company’s stock worth $782,000 after acquiring an additional 872 shares during the period. Gilbert Capital Group Inc. bought a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth about $1,771,000. Finally, Quantbot Technologies LP bought a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth about $3,391,000. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $193.84 on Monday. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $195.46. The firm has a market cap of $74.98 billion, a P/E ratio of 20.10 and a beta of 0.99. The firm has a 50-day simple moving average of $189.93 and a 200-day simple moving average of $187.19.

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.