Park Avenue Securities LLC Has $14.38 Million Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Park Avenue Securities LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 101.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,019 shares of the company’s stock after purchasing an additional 41,893 shares during the quarter. Park Avenue Securities LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $14,381,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Beta Wealth Group Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 6.4% during the fourth quarter. Beta Wealth Group Inc. now owns 2,511 shares of the company’s stock worth $440,000 after purchasing an additional 150 shares during the period. Tidemark LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 31.4% during the fourth quarter. Tidemark LLC now owns 431 shares of the company’s stock worth $76,000 after purchasing an additional 103 shares during the period. Ceera Investments LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $267,000. Permanent Capital Management LP acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $25,956,000. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 84.5% during the fourth quarter. Strategic Financial Concepts LLC now owns 73,946 shares of the company’s stock worth $12,958,000 after purchasing an additional 33,861 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $178.69 on Friday. The stock has a market cap of $72.23 billion, a P/E ratio of 20.59 and a beta of 0.99. The firm has a 50 day simple moving average of $169.94 and a 200 day simple moving average of $175.88. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week 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).