Clear Point Advisors Inc. Increases Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Clear Point Advisors Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 72.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,330 shares of the company’s stock after buying an additional 980 shares during the quarter. Clear Point Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $424,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after acquiring an additional 246 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at approximately $83,931,000. Bison Wealth LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 25.8% during the 4th 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 during the last quarter. Summit Global Investments purchased a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $266,000. Finally, Rothschild Investment LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 9.0% in the 1st quarter. Rothschild Investment LLC now owns 39,873 shares of the company’s stock valued at $6,907,000 after acquiring an additional 3,280 shares during the period. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 1.0%

NYSEARCA RSP opened at $188.57 on Friday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $190.54. The stock has a 50-day moving average of $186.83 and a 200 day moving average of $178.58. The stock has a market capitalization of $74.75 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05.

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).