American Alpha Advisors LLC Increases Position in Invesco S&P 500 Equal Weight ETF $RSP

American Alpha Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 56.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,378 shares of the company’s stock after acquiring an additional 2,669 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 1.0% of American Alpha Advisors LLC’s investment portfolio, making the stock its 24th biggest holding. American Alpha Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,400,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. North Peak Capital Management LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 227.3% in the 2nd quarter. North Peak Capital Management LLC now owns 1,374,131 shares of the company’s stock valued at $249,735,000 after purchasing an additional 2,453,262 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P 500 Equal Weight ETF by 4.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 24,657,672 shares of the company’s stock valued at $4,481,285,000 after acquiring an additional 1,103,629 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Invesco S&P 500 Equal Weight ETF by 119.1% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,027,552 shares of the company’s stock worth $368,487,000 after purchasing an additional 1,102,322 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 303.3% in the second quarter. Corient Private Wealth LLC now owns 1,015,653 shares of the company’s stock worth $184,495,000 after acquiring an additional 763,825 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Invesco S&P 500 Equal Weight ETF by 11.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,646,560 shares of the company’s stock valued at $1,026,206,000 after purchasing an additional 589,365 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $199.05 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $200.10. The company’s 50 day simple moving average is $192.19 and its 200 day simple moving average is $188.99. The company has a market capitalization of $80.05 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99.

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.