BCS Wealth Management Invests $392,000 in Invesco S&P 500 Equal Weight ETF $RSP

BCS Wealth Management purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,159 shares of the company’s stock, valued at approximately $392,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Battery Global Advisors LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 0.5% during the first quarter. Battery Global Advisors LLC now owns 12,604 shares of the company’s stock worth $2,183,000 after purchasing an additional 60 shares during the period. Rosenberg Matthew Hamilton raised its stake in Invesco S&P 500 Equal Weight ETF by 1.6% during the first quarter. Rosenberg Matthew Hamilton now owns 3,951 shares of the company’s stock worth $684,000 after purchasing an additional 61 shares during the period. Ehrlich Financial Group raised its stake in Invesco S&P 500 Equal Weight ETF by 1.4% during the second quarter. Ehrlich Financial Group now owns 4,792 shares of the company’s stock worth $871,000 after purchasing an additional 65 shares during the period. Live Oak Private Wealth LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 2.0% during the first quarter. Live Oak Private Wealth LLC now owns 3,428 shares of the company’s stock worth $594,000 after purchasing an additional 67 shares during the period. Finally, Samalin Investment Counsel LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 0.9% during the first quarter. Samalin Investment Counsel LLC now owns 7,478 shares of the company’s stock worth $1,295,000 after purchasing an additional 67 shares during the period. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $188.27 on Thursday. The firm’s 50-day moving average is $186.69 and its two-hundred day moving average is $178.32. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $190.54. The company has a market capitalization of $74.63 billion, a PE ratio of 20.10 and a beta of 1.05.

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).