Pallas Capital Advisors LLC Raises Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Pallas Capital Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 0.3% in the 4th quarter, HoldingsChannel reports. The fund owned 38,917 shares of the company’s stock after acquiring an additional 116 shares during the period. Pallas Capital Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,819,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Riversedge Advisors LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 6.7% in the third quarter. Riversedge Advisors LLC now owns 125,426 shares of the company’s stock valued at $22,471,000 after purchasing an additional 7,883 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 39.6% during the third quarter. Blue Trust Inc. now owns 610 shares of the company’s stock worth $100,000 after buying an additional 173 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 17.5% in the second quarter. Brown Brothers Harriman & Co. now owns 40,260 shares of the company’s stock valued at $6,614,000 after buying an additional 6,001 shares during the last quarter. Brightwater Advisory LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter worth approximately $3,227,000. Finally, Montis Financial LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 61.3% in the third quarter. Montis Financial LLC now owns 55,774 shares of the company’s stock valued at $9,992,000 after purchasing an additional 21,202 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP traded up $1.42 during trading hours on Monday, hitting $174.67. 8,178,516 shares of the company’s stock were exchanged, compared to its average volume of 7,662,494. The firm has a market capitalization of $58.50 billion, a P/E ratio of 20.44 and a beta of 0.90. The business’s 50 day moving average is $180.89 and its 200-day moving average is $175.64. Invesco S&P 500 Equal Weight ETF has a 12-month low of $153.10 and a 12-month high of $188.16.

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).