Caldwell Trust Co Raises Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Caldwell Trust Co boosted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 78,387 shares of the company’s stock after acquiring an additional 3,844 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 1.3% of Caldwell Trust Co’s holdings, making the stock its 15th biggest holding. Caldwell Trust Co’s holdings in Invesco S&P 500 Equal Weight ETF were worth $15,044,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RSP. Onyx Bridge Wealth Group LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 6.6% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 7,694 shares of the company’s stock worth $1,477,000 after purchasing an additional 476 shares during the last quarter. Spectrum Asset Management Inc. NB CA lifted its stake in Invesco S&P 500 Equal Weight ETF by 2.2% in the 1st quarter. Spectrum Asset Management Inc. NB CA now owns 74,837 shares of the company’s stock valued at $14,363,000 after buying an additional 1,592 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 569.2% in the 1st quarter. Sterling Capital Management LLC now owns 25,719 shares of the company’s stock worth $4,936,000 after buying an additional 21,876 shares during the last quarter. Ramiah Investment Group acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth about $14,450,000. Finally, Rooted Wealth Advisors Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 21.1% during the 1st quarter. Rooted Wealth Advisors Inc. now owns 9,173 shares of the company’s stock worth $1,870,000 after buying an additional 1,601 shares in the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $210.31 on Friday. The business has a 50 day simple moving average of $206.21 and a two-hundred day simple moving average of $200.15. Invesco S&P 500 Equal Weight ETF has a 12 month low of $179.94 and a 12 month high of $214.30. The stock has a market capitalization of $90.73 billion, a P/E ratio of 20.10 and a beta of 0.91.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.