Private Client Services LLC Buys New Position in Invesco S&P 500 Equal Weight ETF $RSP

Private Client Services LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 14,664 shares of the company’s stock, valued at approximately $3,050,000. Invesco S&P 500 Equal Weight ETF comprises approximately 0.8% of Private Client Services LLC’s investment portfolio, making the stock its 24th biggest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Noble Wealth Management PBC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 6.4% during the 3rd quarter. Noble Wealth Management PBC now owns 9,123 shares of the company’s stock worth $1,898,000 after purchasing an additional 549 shares during the last quarter. Stonebridge Financial Group LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 14.3% during the 3rd quarter. Stonebridge Financial Group LLC now owns 1,087 shares of the company’s stock worth $226,000 after purchasing an additional 136 shares during the period. Coastline Trust Co purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $64,000. IKE Capital LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.6% in the second quarter. IKE Capital LLC now owns 4,785 shares of the company’s stock valued at $1,018,000 after purchasing an additional 75 shares during the period. Finally, Reynders McVeigh Capital Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at $297,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 0.4%

NYSEARCA RSP traded up $0.89 during trading hours on Friday, hitting $209.89. 6,611,154 shares of the stock were exchanged, compared to its average volume of 12,137,390. The company has a market cap of $95.99 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The stock has a 50-day moving average of $216.85 and a 200 day moving average of $208.96. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $223.43.

Invesco S&P 500 Equal Weight ETF Company 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.