Invesco S&P 500 Equal Weight ETF $RSP is Argent Advisors Inc.’s 7th Largest Position

Argent Advisors Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,461 shares of the company’s stock after acquiring an additional 3,135 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up 3.2% of Argent Advisors Inc.’s investment portfolio, making the stock its 7th largest holding. Argent Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,900,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Investment Counsel Co. of Nevada purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth approximately $29,000. Tompkins Financial Corp purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $32,000. GoalVest Advisory LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter valued at $34,000. Cloud Capital Management LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $35,000. Finally, Copia Wealth Management increased its position in Invesco S&P 500 Equal Weight ETF by 335.8% in the 3rd quarter. Copia Wealth Management now owns 231 shares of the company’s stock worth $44,000 after purchasing an additional 178 shares during the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP opened at $198.52 on Friday. The company has a market capitalization of $83.05 billion, a PE ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $200.78. The business has a 50-day moving average of $194.13 and a 200-day moving average of $189.70.

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.