Pinnacle Wealth Management Advisory Group LLC Buys 808 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,245 shares of the company’s stock after acquiring an additional 808 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up 1.3% of Pinnacle Wealth Management Advisory Group LLC’s investment portfolio, making the stock its 20th largest position. Pinnacle Wealth Management Advisory Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $15,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Nova Wealth Management Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at approximately $25,000. Uniplan Investment Counsel Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter worth $26,000. Howe & Rusling Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 190.8% during the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock valued at $33,000 after buying an additional 124 shares during the last quarter. GoalVest Advisory LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at $34,000. Finally, Hanson & Doremus Investment Management grew its holdings in Invesco S&P 500 Equal Weight ETF by 30.5% in the 2nd quarter. Hanson & Doremus Investment Management now owns 308 shares of the company’s stock worth $56,000 after acquiring an additional 72 shares during the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 0.8%

RSP stock opened at $187.56 on Friday. The stock has a market capitalization of $72.55 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The firm’s 50-day moving average price is $188.74 and its two-hundred day moving average price is $183.23. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $192.33.

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).