IFP Advisors Inc Invests $4.79 Million in Invesco S&P 500 Equal Weight Real Estate ETF $RSPR

IFP Advisors Inc purchased a new stake in Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 131,000 shares of the company’s stock, valued at approximately $4,790,000. IFP Advisors Inc owned about 4.75% of Invesco S&P 500 Equal Weight Real Estate ETF as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its holdings in Invesco S&P 500 Equal Weight Real Estate ETF by 12,528.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 884 shares of the company’s stock worth $30,000 after purchasing an additional 877 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Invesco S&P 500 Equal Weight Real Estate ETF during the 4th quarter valued at about $258,000. Clearstead Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Real Estate ETF in the 4th quarter valued at about $279,000. Walker Asset Management LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Real Estate ETF by 5.9% in the 1st quarter. Walker Asset Management LLC now owns 8,528 shares of the company’s stock valued at $283,000 after purchasing an additional 477 shares during the last quarter. Finally, Fielder Capital Group LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Real Estate ETF during the 4th quarter worth approximately $288,000.

Invesco S&P 500 Equal Weight Real Estate ETF Price Performance

Shares of NYSEARCA:RSPR opened at $34.80 on Friday. The stock has a market cap of $96.05 million, a price-to-earnings ratio of 37.16 and a beta of 0.92. The company has a 50 day moving average of $36.65 and a 200-day moving average of $35.86. Invesco S&P 500 Equal Weight Real Estate ETF has a one year low of $32.41 and a one year high of $38.01.

Invesco S&P 500 Equal Weight Real Estate ETF Profile

The Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an equal-weighted index of US real estate equities selected from the S&P 500. The index excludes mortgage REITs and real estate management and development firms. RSPR was launched on Aug 13, 2015 and is managed by Invesco.