MJP Associates Inc. ADV Makes New $1.58 Million Investment in Invesco S&P 500 Equal Weight Income Advantage ETF $RSPA

MJP Associates Inc. ADV purchased a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 30,932 shares of the company’s stock, valued at approximately $1,580,000.

Other institutional investors also recently modified their holdings of the company. Invesco Ltd. lifted its stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 4.5% in the second quarter. Invesco Ltd. now owns 5,055,292 shares of the company’s stock worth $252,209,000 after buying an additional 216,221 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Invesco S&P 500 Equal Weight Income Advantage ETF by 71.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 169,808 shares of the company’s stock worth $8,585,000 after acquiring an additional 70,823 shares during the period. Jane Street Group LLC lifted its position in Invesco S&P 500 Equal Weight Income Advantage ETF by 715.2% during the 1st quarter. Jane Street Group LLC now owns 64,152 shares of the company’s stock worth $3,157,000 after acquiring an additional 56,283 shares during the last quarter. Royal Bank of Canada lifted its position in Invesco S&P 500 Equal Weight Income Advantage ETF by 1,005.2% during the 1st quarter. Royal Bank of Canada now owns 49,711 shares of the company’s stock worth $2,446,000 after acquiring an additional 45,213 shares during the last quarter. Finally, Perigon Wealth Management LLC bought a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF during the third quarter valued at about $1,506,000.

Invesco S&P 500 Equal Weight Income Advantage ETF Stock Performance

Shares of NYSEARCA:RSPA opened at $52.98 on Wednesday. The stock’s 50-day moving average is $51.91 and its 200-day moving average is $51.09. The company has a market cap of $595.50 million, a P/E ratio of 20.77 and a beta of 0.70. Invesco S&P 500 Equal Weight Income Advantage ETF has a 52-week low of $43.04 and a 52-week high of $53.58.

Invesco S&P 500 Equal Weight Income Advantage ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were issued a $0.4056 dividend. This is an increase from Invesco S&P 500 Equal Weight Income Advantage ETF’s previous monthly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a yield of 9.2%.

Invesco S&P 500 Equal Weight Income Advantage ETF Company Profile

The Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the S&P 500 Equal Weight Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection RSPA was launched on Jul 17, 2024 and is issued by Invesco.