Topsail Wealth Management LLC Boosts Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Topsail Wealth Management LLC increased its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,471 shares of the company’s stock after buying an additional 75 shares during the period. Topsail Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in RSP. Nova Wealth Management Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth approximately $25,000. Uniplan Investment Counsel Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $26,000. Richardson Capital Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $30,000. Howe & Rusling Inc. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 190.8% in the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after buying an additional 124 shares during the last quarter. Finally, Olde Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

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

Invesco S&P 500 Equal Weight ETF stock opened at $191.26 on Friday. The company has a market capitalization of $73.85 billion, a P/E ratio of 20.10 and a beta of 1.05. The stock’s 50 day moving average is $188.66 and its 200 day moving average is $181.32. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $192.30.

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).