Analyst IMS Investment Management Services Ltd. Increases Stake in Invesco S&P 500 Equal Weight ETF $RSP

Analyst IMS Investment Management Services Ltd. grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,500 shares of the company’s stock after acquiring an additional 2,820 shares during the period. Analyst IMS Investment Management Services Ltd.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,141,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Drucker Wealth 3.0 LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 3.3% in the 3rd quarter. Drucker Wealth 3.0 LLC now owns 1,701 shares of the company’s stock worth $323,000 after acquiring an additional 55 shares in the last quarter. Strategies Wealth Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.5% in the third quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock worth $307,000 after purchasing an additional 55 shares during the period. Battery Global Advisors LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.4% in the third quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock worth $2,411,000 after purchasing an additional 55 shares in the last quarter. Burns J W & Co. Inc. NY raised its position in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the 3rd quarter. Burns J W & Co. Inc. NY now owns 13,281 shares of the company’s stock valued at $2,519,000 after purchasing an additional 57 shares during the period. Finally, Melfa Wealth Management Inc. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 1.7% during the 3rd quarter. Melfa Wealth Management Inc. now owns 3,473 shares of the company’s stock valued at $659,000 after purchasing an additional 57 shares during the period. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $193.09 on Friday. The stock has a market cap of $80.07 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The firm’s fifty day moving average is $198.20 and its 200 day moving average is $193.53. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $205.24.

Invesco S&P 500 Equal Weight ETF Company 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.