Foundations Investment Advisors LLC Grows Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Foundations Investment Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 66.0% during the second quarter, HoldingsChannel reports. The fund owned 39,084 shares of the company’s stock after buying an additional 15,537 shares during the period. Foundations Investment Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,103,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at $25,000. Uniplan Investment Counsel Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth about $26,000. Howe & Rusling Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 190.8% in the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock valued at $33,000 after buying an additional 124 shares during the period. GoalVest Advisory LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the second quarter valued at about $34,000. Finally, Hanson & Doremus Investment Management lifted its position in Invesco S&P 500 Equal Weight ETF by 30.5% in the second quarter. Hanson & Doremus Investment Management now owns 308 shares of the company’s stock valued at $56,000 after buying an additional 72 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $187.34 on Friday. The firm has a 50-day simple moving average of $188.84 and a two-hundred day simple moving average of $183.98. The stock has a market cap of $72.46 billion, a PE ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $192.33.

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).