Clifford Swan Investment Counsel LLC Has $1.61 Million Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Clifford Swan Investment Counsel LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 114.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,494 shares of the company’s stock after buying an additional 4,524 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 3.4% during the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after purchasing an additional 246 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $83,931,000. Bison Wealth LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 25.8% during the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $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 stake in shares of Invesco S&P 500 Equal Weight ETF during the first quarter worth $11,553,000. Finally, HBK Sorce Advisory LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 0.3% in the 2nd quarter. HBK Sorce Advisory LLC now owns 26,315 shares of the company’s stock valued at $4,782,000 after acquiring an additional 67 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 0.6%

RSP stock opened at $204.73 on Friday. The stock has a 50-day moving average price of $198.48 and a two-hundred day moving average price of $192.14. The stock has a market cap of $84.90 billion, a PE ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $205.24.

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.