Gentry Private Wealth LLC Takes $1.31 Million Position in Invesco S&P 500 Equal Weight ETF $RSP

Gentry Private Wealth LLC bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the first quarter, HoldingsChannel.com reports. The fund bought 6,809 shares of the company’s stock, valued at approximately $1,307,000. Invesco S&P 500 Equal Weight ETF accounts for approximately 0.8% of Gentry Private Wealth LLC’s investment portfolio, making the stock its 23rd biggest position.

Several other large investors also recently bought and sold shares of the business. Brookstone Capital Management increased its position in Invesco S&P 500 Equal Weight ETF by 2.5% during the fourth quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock valued at $51,697,000 after acquiring an additional 6,481 shares during the last quarter. Banta Asset Management LP bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $1,654,000. Allen Investment Management LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 32.8% during the 4th quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock worth $27,286,000 after purchasing an additional 35,220 shares during the period. Vise Technologies Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 144.2% during the 4th quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock worth $968,000 after purchasing an additional 2,983 shares during the period. Finally, Capital Investment Advisory Services LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 67.5% during the 4th quarter. Capital Investment Advisory Services LLC now owns 70,925 shares of the company’s stock valued at $13,586,000 after purchasing an additional 28,586 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock opened at $212.97 on Thursday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $179.94 and a 1-year high of $216.37. The firm has a market capitalization of $95.64 billion, a P/E ratio of 20.10 and a beta of 0.91. The company’s 50-day moving average is $209.16 and its 200 day moving average is $202.12.

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.