Brookstone Capital Management Increases Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Brookstone Capital Management grew its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 269,874 shares of the company’s stock after purchasing an additional 6,481 shares during the quarter. Brookstone Capital Management owned approximately 0.07% of Invesco S&P 500 Equal Weight ETF worth $51,697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Brighton Jones LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 3.4% in the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after buying an additional 246 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $83,931,000. Bison Wealth LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 25.8% in the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after acquiring an additional 4,295 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the first quarter valued at $11,553,000. Finally, Rhumbline Advisers grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 46.5% during the second quarter. Rhumbline Advisers now owns 22,322 shares of the company’s stock worth $4,057,000 after purchasing an additional 7,086 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $188.07 on Tuesday. The business’s 50-day simple moving average is $198.67 and its 200-day simple moving average is $193.49. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $205.24. The stock has a market capitalization of $77.99 billion, a P/E 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.