Courier Capital LLC Buys New Position in Invesco S&P 500 Equal Weight ETF $RSP

Courier Capital LLC bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 3rd quarter, HoldingsChannel reports. The fund bought 133,776 shares of the company’s stock, valued at approximately $27,828,000. Invesco S&P 500 Equal Weight ETF comprises approximately 5.3% of Courier Capital LLC’s portfolio, making the stock its 2nd biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Financial Planning Hawaii Inc. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 1.1% in the 3rd quarter. Financial Planning Hawaii Inc. now owns 18,652 shares of the company’s stock valued at $3,880,000 after purchasing an additional 200 shares during the last quarter. Asset Allocation & Management Company LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $2,386,000. Sage Capital Advisors llc grew its position in Invesco S&P 500 Equal Weight ETF by 2.0% during the 3rd quarter. Sage Capital Advisors llc now owns 2,461 shares of the company’s stock worth $512,000 after purchasing an additional 48 shares during the last quarter. Steel Grove Capital Advisors LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 47.4% in the third quarter. Steel Grove Capital Advisors LLC now owns 41,785 shares of the company’s stock worth $8,692,000 after buying an additional 13,446 shares during the last quarter. Finally, McCollum Christoferson Group LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 74.8% in the third quarter. McCollum Christoferson Group LLC now owns 4,335 shares of the company’s stock worth $902,000 after buying an additional 1,855 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 Stock Performance

Shares of NYSEARCA RSP traded up $0.11 during mid-day trading on Tuesday, hitting $213.30. The stock had a trading volume of 7,360,186 shares, compared to its average volume of 12,005,453. The company has a 50 day moving average of $216.16 and a two-hundred day moving average of $210.02. Invesco S&P 500 Equal Weight ETF has a twelve month low of $182.11 and a twelve month high of $223.43. The firm has a market cap of $97.90 billion, a PE ratio of 20.10 and a beta of 0.92.

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.