Invesco S&P 500 Equal Weight ETF $RSP is FAS Wealth Partners Inc.’s 2nd Largest Position

FAS Wealth Partners Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 451,260 shares of the company’s stock after acquiring an additional 23,688 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 5.8% of FAS Wealth Partners Inc.’s holdings, making the stock its 2nd biggest position. FAS Wealth Partners Inc. owned about 0.12% of Invesco S&P 500 Equal Weight ETF worth $85,604,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Investment Counsel Co. of Nevada acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the second quarter valued at about $29,000. Tompkins Financial Corp purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $32,000. GoalVest Advisory LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at approximately $34,000. Howe & Rusling Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 51.9% during the 2nd quarter. Howe & Rusling Inc. now owns 287 shares of the company’s stock valued at $52,000 after acquiring an additional 98 shares during the period. Finally, Hanson & Doremus Investment Management boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 30.5% during the 2nd quarter. Hanson & Doremus Investment Management now owns 308 shares of the company’s stock worth $56,000 after acquiring an additional 72 shares in the last quarter. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP opened at $199.05 on Friday. The business has a 50 day moving average price of $191.98 and a 200 day moving average price of $188.86. The company has a market capitalization of $80.05 billion, a P/E ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $200.10.

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.