Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) is Spectrum Asset Management Inc. NB CA’s 2nd Largest Position

Spectrum Asset Management Inc. NB CA lifted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 86,065 shares of the company’s stock after buying an additional 5,347 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up about 6.6% of Spectrum Asset Management Inc. NB CA’s holdings, making the stock its 2nd largest holding. Spectrum Asset Management Inc. NB CA’s holdings in Invesco S&P 500 Equal Weight ETF were worth $14,909,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in RSP. Davis Investment Partners LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 4.5% in the 1st quarter. Davis Investment Partners LLC now owns 168,593 shares of the company’s stock valued at $27,644,000 after acquiring an additional 7,187 shares in the last quarter. Sapient Capital LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 15.6% during the 1st quarter. Sapient Capital LLC now owns 236,941 shares of the company’s stock valued at $41,045,000 after purchasing an additional 31,952 shares during the period. First United Bank & Trust raised its stake in Invesco S&P 500 Equal Weight ETF by 19.7% during the 1st quarter. First United Bank & Trust now owns 42,136 shares of the company’s stock valued at $7,299,000 after purchasing an additional 6,946 shares during the period. Sagace Wealth Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.9% in the first quarter. Sagace Wealth Management LLC now owns 37,132 shares of the company’s stock valued at $6,432,000 after purchasing an additional 345 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 194.7% in the first quarter. GPS Wealth Strategies Group LLC now owns 1,276 shares of the company’s stock worth $221,000 after buying an additional 843 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Down 0.3%

Shares of RSP stock opened at $179.10 on Thursday. The company has a market capitalization of $72.40 billion, a price-to-earnings ratio of 20.59 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $188.16. The stock’s fifty day simple moving average is $170.71 and its 200-day simple moving average is $175.83.

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).