Invesco S&P 500 Equal Weight ETF $RSP is Fairway Wealth LLC’s 7th Largest Position

Fairway Wealth LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,407 shares of the company’s stock after acquiring an additional 3,560 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 5.2% of Fairway Wealth LLC’s investment portfolio, making the stock its 7th largest position. Fairway Wealth LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $24,738,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. CapWealth Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the third quarter. CapWealth Advisors LLC now owns 36,605 shares of the company’s stock valued at $6,944,000 after buying an additional 152 shares during the period. Andina Capital Management LLC grew its position in Invesco S&P 500 Equal Weight ETF by 4.1% in the 3rd quarter. Andina Capital Management LLC now owns 3,355 shares of the company’s stock valued at $637,000 after acquiring an additional 133 shares during the last quarter. Bailard Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 1.0% in the third quarter. Bailard Inc. now owns 21,611 shares of the company’s stock worth $4,100,000 after purchasing an additional 212 shares during the period. AM Investment Strategies LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 1.7% during the third quarter. AM Investment Strategies LLC now owns 6,435 shares of the company’s stock worth $1,221,000 after purchasing an additional 110 shares during the last quarter. Finally, Cornerstone Wealth Group LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 8.7% during the third quarter. Cornerstone Wealth Group LLC now owns 77,947 shares of the company’s stock worth $14,786,000 after purchasing an additional 6,242 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 1.7%

NYSEARCA RSP opened at $199.40 on Thursday. The stock has a market cap of $80.32 billion, a PE ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $200.10. The company’s 50-day moving average price is $192.50 and its 200-day moving average price is $189.14.

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.