Larry Mathis Financial Planning LLC Acquires 10,142 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Larry Mathis Financial Planning LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1,021.3% in the 3rd quarter, Holdings Channel reports. The firm owned 11,135 shares of the company’s stock after purchasing an additional 10,142 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for 2.0% of Larry Mathis Financial Planning LLC’s holdings, making the stock its 8th biggest holding. Larry Mathis Financial Planning LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,316,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Highland Investment Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth about $26,000. Brandywine Financial Group increased its position in shares of Invesco S&P 500 Equal Weight ETF by 636.8% during the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after acquiring an additional 121 shares during the period. Valley National Advisers Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $31,000. Rogco LP bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at approximately $34,000. Finally, Asset Dedication LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at approximately $36,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP opened at $217.29 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $182.11 and a 52-week high of $223.43. The firm has a market capitalization of $99.69 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The stock has a 50 day moving average price of $215.35 and a 200 day moving average price of $207.21.

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.