Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Stake Raised by Steel Grove Capital Advisors LLC

Steel Grove Capital Advisors LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 40.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 18,674 shares of the company’s stock after acquiring an additional 5,410 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up about 0.4% of Steel Grove Capital Advisors LLC’s portfolio, making the stock its 24th biggest holding. Steel Grove Capital Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,272,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of RSP. Bracebridge Capital LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $250,001,000. IHT Wealth Management LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 1.4% in the 4th quarter. IHT Wealth Management LLC now owns 65,435 shares of the company’s stock valued at $11,466,000 after acquiring an additional 908 shares in the last quarter. Stifel Financial Corp grew its position in Invesco S&P 500 Equal Weight ETF by 2.6% during the 4th quarter. Stifel Financial Corp now owns 984,593 shares of the company’s stock worth $172,536,000 after purchasing an additional 25,107 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 30.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 156,197 shares of the company’s stock valued at $27,370,000 after purchasing an additional 36,589 shares during the period. Finally, Transce3nd LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $66,000.

Invesco S&P 500 Equal Weight ETF Stock Down 2.0 %

RSP stock opened at $159.39 on Tuesday. The company has a 50 day moving average of $171.77 and a two-hundred day moving average of $177.37. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $188.16. The company has a market cap of $66.30 billion, a price-to-earnings ratio of 19.70 and a beta of 1.01.

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).