Invesco S&P 500 Equal Weight ETF $RSP Stake Raised by Clearstead Advisors LLC

Clearstead Advisors LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 606,007 shares of the company’s stock after buying an additional 12,745 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 1.5% of Clearstead Advisors LLC’s portfolio, making the stock its 10th largest holding. Clearstead Advisors LLC owned about 0.16% of Invesco S&P 500 Equal Weight ETF worth $114,960,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Investment Counsel Co. of Nevada acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth $29,000. Tompkins Financial Corp acquired a new position in Invesco S&P 500 Equal Weight ETF during the third quarter valued at $32,000. IMA Advisory Services Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter valued at $33,000. GoalVest Advisory LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter valued at $34,000. Finally, Cloud Capital Management LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $35,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Up 0.5%

Shares of RSP stock opened at $204.09 on Monday. The stock has a market cap of $84.64 billion, a PE ratio of 20.10 and a beta of 0.99. The business has a 50-day simple moving average of $197.61 and a 200-day simple moving average of $191.69. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $205.24.

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.