Invesco S&P 500 Equal Weight ETF $RSP Shares Acquired by Acorn Wealth Advisors LLC

Acorn Wealth Advisors LLC lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 16.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,148 shares of the company’s stock after purchasing an additional 3,613 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 1.5% of Acorn Wealth Advisors LLC’s holdings, making the stock its 12th largest holding. Acorn Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,771,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 3.4% during the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after purchasing an additional 246 shares during the period. Heck Capital Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at approximately $83,931,000. Bison Wealth LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 25.8% during the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after buying an additional 4,295 shares during the period. 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 approximately $11,553,000. Finally, Fifth Third Bancorp grew its position in Invesco S&P 500 Equal Weight ETF by 26.7% in the second quarter. Fifth Third Bancorp now owns 46,742 shares of the company’s stock worth $8,495,000 after acquiring an additional 9,841 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Down 0.4%

NYSEARCA:RSP opened at $198.77 on Friday. The company has a market capitalization of $82.37 billion, a P/E ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $200.78. The stock’s fifty day moving average is $192.97 and its two-hundred day moving average is $189.31.

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.