Invesco S&P 500 Equal Weight ETF $RSP Stock Position Boosted by Inlight Wealth Management LLC

Inlight Wealth Management LLC raised its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 35.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,712 shares of the company’s stock after purchasing an additional 26,288 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 4.2% of Inlight Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding. Inlight Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $19,101,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GRIMES & Co WEALTH MANAGEMENT LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 107.0% during the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 265,995 shares of the company’s stock worth $50,459,000 after acquiring an additional 137,493 shares during the last quarter. Brookstone Capital Management grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.5% during the fourth quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock worth $51,697,000 after acquiring an additional 6,481 shares during the last quarter. CMG Global Holdings LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 13.6% during the third quarter. CMG Global Holdings LLC now owns 35,694 shares of the company’s stock worth $6,741,000 after acquiring an additional 4,262 shares during the last quarter. Sowell Financial Services LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 23.2% during the third quarter. Sowell Financial Services LLC now owns 20,356 shares of the company’s stock worth $3,862,000 after acquiring an additional 3,829 shares during the last quarter. Finally, Argent Advisors Inc. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 5.8% during the third quarter. Argent Advisors Inc. now owns 57,461 shares of the company’s stock worth $10,900,000 after acquiring an additional 3,135 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $198.83 on Tuesday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $157.71 and a fifty-two week high of $205.24. The firm has a market capitalization of $87.39 billion, a price-to-earnings ratio of 20.10 and a beta of 0.94. The stock’s 50-day simple moving average is $197.94 and its 200-day simple moving average is $193.95.

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.