Wellington Shields Capital Management LLC Purchases 1,200 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Wellington Shields Capital Management LLC grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 22.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,550 shares of the company’s stock after buying an additional 1,200 shares during the period. Wellington Shields Capital Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,148,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Renasant Bank boosted its stake in Invesco S&P 500 Equal Weight ETF by 25.7% in the fourth quarter. Renasant Bank now owns 17,516 shares of the company’s stock valued at $3,069,000 after acquiring an additional 3,581 shares in the last quarter. May Barnhard Investments LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $225,000. JPL Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $298,000. MGO Private Wealth LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $1,182,000. Finally, Commonwealth Equity Services LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 3.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,276,437 shares of the company’s stock worth $223,670,000 after buying an additional 40,677 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $169.43 on Friday. The stock has a market cap of $70.43 billion, a PE ratio of 21.37 and a beta of 1.07. The stock has a 50-day moving average of $178.80 and a two-hundred day moving average of $179.05. Invesco S&P 500 Equal Weight ETF has a one year low of $158.83 and a one year high of $188.16.

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).