IPG Investment Advisors LLC Purchases 2,574 Shares of Invesco S&P 500 Equal Weight ETF $RSP

IPG Investment Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 75,763 shares of the company’s stock after purchasing an additional 2,574 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 2.3% of IPG Investment Advisors LLC’s holdings, making the stock its 8th largest position. IPG Investment Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $16,120,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Highland Investment Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter valued at $26,000. Brandywine Financial Group boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 636.8% during the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after acquiring an additional 121 shares in the last quarter. Nalls Sherbakoff Group LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $29,000. Rogco LP purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at about $34,000. Finally, Hurley Capital LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 200.0% during the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after acquiring an additional 118 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP opened at $214.64 on Thursday. The stock’s 50-day simple moving average is $217.44 and its 200-day simple moving average is $207.70. The firm has a market capitalization of $97.00 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $182.11 and a fifty-two week high of $223.43.

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.