Steel Grove Capital Advisors LLC Increases Stake in Invesco S&P 500 Equal Weight ETF $RSP

Steel Grove Capital Advisors LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,786 shares of the company’s stock after buying an additional 1,563 shares during the period. Invesco S&P 500 Equal Weight ETF comprises 0.5% of Steel Grove Capital Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Steel Grove Capital Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,959,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its stake in Invesco S&P 500 Equal Weight ETF by 1.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 23,554,043 shares of the company’s stock worth $4,080,267,000 after buying an additional 396,957 shares during the period. Invesco Ltd. increased its stake in Invesco S&P 500 Equal Weight ETF by 12.0% during the 1st quarter. Invesco Ltd. now owns 11,189,061 shares of the company’s stock worth $1,938,281,000 after buying an additional 1,195,627 shares during the period. Goldman Sachs Group Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 219.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,102,168 shares of the company’s stock worth $1,576,769,000 after buying an additional 6,254,609 shares during the period. LPL Financial LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 20.5% during the 1st quarter. LPL Financial LLC now owns 5,260,788 shares of the company’s stock worth $911,326,000 after buying an additional 894,245 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Invesco S&P 500 Equal Weight ETF by 26.8% during the 1st quarter. JPMorgan Chase & Co. now owns 5,057,195 shares of the company’s stock worth $876,058,000 after buying an additional 1,069,297 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 Stock Up 0.5%

Shares of RSP opened at $190.76 on Wednesday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $192.30. The company has a market cap of $73.50 billion, a P/E ratio of 20.10 and a beta of 1.05. The firm’s 50 day moving average price is $188.42 and its 200 day moving average price is $180.56.

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).