New England Capital Financial Advisors LLC Purchases 1,420 Shares of Invesco S&P 500 Equal Weight ETF $RSP

New England Capital Financial Advisors LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,772 shares of the company’s stock after purchasing an additional 1,420 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 9.1% of New England Capital Financial Advisors LLC’s holdings, making the stock its 2nd biggest position. New England Capital Financial Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $19,950,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nova Wealth Management Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth approximately $25,000. Uniplan Investment Counsel Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at $26,000. Howe & Rusling Inc. boosted its position in Invesco S&P 500 Equal Weight ETF by 190.8% during the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after acquiring an additional 124 shares during the period. GoalVest Advisory LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth $34,000. Finally, Hanson & Doremus Investment Management grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 30.5% in the second quarter. Hanson & Doremus Investment Management now owns 308 shares of the company’s stock worth $56,000 after purchasing an additional 72 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $187.34 on Friday. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $192.33. The stock’s fifty day moving average is $188.84 and its 200-day moving average is $183.88. The firm has a market capitalization of $72.46 billion, a price-to-earnings ratio of 20.10 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).