GRIMES & Co WEALTH MANAGEMENT LLC Acquires 137,493 Shares of Invesco S&P 500 Equal Weight ETF $RSP

GRIMES & Co WEALTH MANAGEMENT LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 107.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 265,995 shares of the company’s stock after buying an additional 137,493 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 1.2% of GRIMES & Co WEALTH MANAGEMENT LLC’s portfolio, making the stock its 15th biggest holding. GRIMES & Co WEALTH MANAGEMENT LLC owned 0.07% of Invesco S&P 500 Equal Weight ETF worth $50,459,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Nova Wealth Management Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at approximately $25,000. Investment Counsel Co. of Nevada bought a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter worth approximately $29,000. Tompkins Financial Corp acquired a new position in Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $32,000. GoalVest Advisory LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter valued at approximately $34,000. Finally, Howe & Rusling Inc. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 51.9% in the second quarter. Howe & Rusling Inc. now owns 287 shares of the company’s stock valued at $52,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.1%

NYSEARCA RSP opened at $197.78 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $198.07. The company has a fifty day simple moving average of $191.03 and a 200 day simple moving average of $188.44. The company has a market cap of $78.04 billion, a P/E ratio of 20.10 and a beta of 0.99.

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.