Capital Investment Counsel Inc Boosts Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Capital Investment Counsel Inc raised its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,815 shares of the company’s stock after acquiring an additional 81 shares during the period. Capital Investment Counsel Inc’s holdings in Invesco S&P 500 Equal Weight ETF were worth $504,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 855.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock worth $3,379,816,000 after purchasing an additional 18,390,083 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 48.9% in the first quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock worth $1,201,600,000 after acquiring an additional 2,328,560 shares in the last quarter. Strategic Financial Concepts LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 11,793.3% in the second quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock worth $10,524,000 after acquiring an additional 6,352,369 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.9% in the second quarter. LPL Financial LLC now owns 3,736,455 shares of the company’s stock worth $613,825,000 after acquiring an additional 34,825 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.4% in the second quarter. Envestnet Asset Management Inc. now owns 3,011,313 shares of the company’s stock worth $494,698,000 after acquiring an additional 11,263 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $178.92 on Thursday. Invesco S&P 500 Equal Weight ETF has a one year low of $133.34 and a one year high of $182.22. The business’s 50-day simple moving average is $176.18 and its 200 day simple moving average is $169.10. The stock has a market cap of $59.93 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).