Pinnacle Wealth Management Group Inc. Boosts Position in Invesco S&P 500 Equal Weight ETF $RSP

Pinnacle Wealth Management Group Inc. boosted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,272 shares of the company’s stock after acquiring an additional 438 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 3.1% of Pinnacle Wealth Management Group Inc.’s portfolio, making the stock its 8th largest position. Pinnacle Wealth Management Group Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,320,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in RSP. Brighton Jones LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after acquiring an additional 246 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $83,931,000. Bison Wealth LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 25.8% in the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after buying an additional 4,295 shares during the period. GAMMA Investing LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 21.9% in the first quarter. GAMMA Investing LLC now owns 2,737 shares of the company’s stock valued at $474,000 after buying an additional 492 shares during the period. Finally, Blue Trust Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF by 171.1% in the first quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $75,000 after buying an additional 272 shares during the period. Institutional investors own 61.18% of the company’s stock.

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

NYSEARCA:RSP opened at $191.26 on Friday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $192.30. The business’s 50-day moving average price is $188.66 and its two-hundred day moving average price is $181.13. The firm has a market capitalization of $73.85 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05.

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).