Martel Wealth Advisors Inc Acquires 512 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Martel Wealth Advisors Inc increased its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 18,237 shares of the company’s stock after purchasing an additional 512 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for 0.6% of Martel Wealth Advisors Inc’s portfolio, making the stock its 19th biggest position. Martel Wealth Advisors Inc’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,159,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Smithbridge Asset Management Inc. DE acquired a new position in Invesco S&P 500 Equal Weight ETF during the first quarter valued at approximately $223,000. Donald L. Hagan LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 7.5% in the first quarter. Donald L. Hagan LLC now owns 7,351 shares of the company’s stock valued at $1,273,000 after purchasing an additional 512 shares in the last quarter. Parkside Investments LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 138.9% in the 1st quarter. Parkside Investments LLC now owns 68,236 shares of the company’s stock valued at $11,821,000 after buying an additional 39,672 shares in the last quarter. Willis Investment Counsel increased its position in shares of Invesco S&P 500 Equal Weight ETF by 188.2% in the 1st quarter. Willis Investment Counsel now owns 14,097 shares of the company’s stock valued at $2,442,000 after buying an additional 9,206 shares in the last quarter. Finally, Spectrum Asset Management Inc. NB CA increased its position in shares of Invesco S&P 500 Equal Weight ETF by 6.6% in the 1st quarter. Spectrum Asset Management Inc. NB CA now owns 86,065 shares of the company’s stock valued at $14,909,000 after buying an additional 5,347 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Up 0.2%

RSP opened at $179.52 on Friday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $188.16. The company has a fifty day simple moving average of $171.19 and a 200 day simple moving average of $175.78. The stock has a market cap of $72.57 billion, a P/E ratio of 20.59 and a beta of 0.99.

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).