Invesco S&P 500 Equal Weight ETF $RSP Holdings Increased by Allegheny Financial Group

Allegheny Financial Group lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,203 shares of the company’s stock after acquiring an additional 3,580 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 1.7% of Allegheny Financial Group’s holdings, making the stock its 13th biggest position. Allegheny Financial Group’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,954,000 at the end of the most recent reporting period.

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

Invesco S&P 500 Equal Weight ETF Trading Up 0.4%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $203.10 on Wednesday. The company’s 50-day moving average price is $195.90 and its two-hundred day moving average price is $190.63. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $203.86. The stock has a market cap of $84.23 billion, a PE 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.