RFG Advisory LLC Increases Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

RFG Advisory LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 192.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,423 shares of the company’s stock after purchasing an additional 5,543 shares during the period. RFG Advisory LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,617,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in RSP. Cary Street Partners Investment Advisory LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 5.5% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock valued at $188,000 after buying an additional 51 shares in the last quarter. Ballast Rock Private Wealth LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.8% during the 1st quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock worth $1,305,000 after acquiring an additional 51 shares in the last quarter. Pacific Point Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 4.2% during the 4th quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock valued at $250,000 after acquiring an additional 52 shares during the last quarter. Strategies Wealth Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.5% during the 3rd quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $307,000 after acquiring an additional 55 shares during the last quarter. Finally, Battery Global Advisors LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.4% in the third quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock valued at $2,411,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $210.31 on Friday. The company’s fifty day moving average is $206.21 and its 200 day moving average is $200.15. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $179.94 and a fifty-two week high of $214.30. The stock has a market capitalization of $90.73 billion, a PE ratio of 20.10 and a beta of 0.91.

About Invesco S&P 500 Equal Weight ETF

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.