192,316 Shares of Invesco S&P 500 Equal Weight ETF $RSP Purchased by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, HoldingsChannel.com reports. The fund acquired 192,316 shares of the company’s stock, valued at approximately $40,006,000. Invesco S&P 500 Equal Weight ETF accounts for 0.9% of GRIMES & Co WEALTH MANAGEMENT LLC’s portfolio, making the stock its 21st biggest position.

A number of other institutional investors also recently added to or reduced their stakes in RSP. Weaver Consulting Group increased its position in Invesco S&P 500 Equal Weight ETF by 1.5% during the 3rd quarter. Weaver Consulting Group now owns 3,217 shares of the company’s stock worth $669,000 after purchasing an additional 48 shares during the period. Sage Capital Advisors llc raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.0% during the 3rd quarter. Sage Capital Advisors llc now owns 2,461 shares of the company’s stock worth $512,000 after buying an additional 48 shares in the last quarter. Charis Legacy Partners LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.5% during the 2nd quarter. Charis Legacy Partners LLC now owns 10,780 shares of the company’s stock worth $2,294,000 after buying an additional 49 shares in the last quarter. Canvas Wealth Advisors LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.2% in the 2nd quarter. Canvas Wealth Advisors LLC now owns 4,373 shares of the company’s stock valued at $930,000 after buying an additional 50 shares during the period. Finally, Tenon Financial LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.0% in the 3rd quarter. Tenon Financial LLC now owns 5,185 shares of the company’s stock valued at $1,079,000 after buying an additional 50 shares during the period. Hedge funds and other 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 $219.98 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $182.11 and a 1-year high of $223.43. The company has a market cap of $101.01 billion, a PE ratio of 20.10 and a beta of 0.92. The stock’s 50 day moving average price is $215.02 and its 200 day moving average price is $207.86.

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.