Financial Solutions Advisory Group Inc. Invests $2.34 Million in Invesco S&P 500 Equal Weight ETF $RSP

Financial Solutions Advisory Group Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the first quarter, HoldingsChannel reports. The firm purchased 12,186 shares of the company’s stock, valued at approximately $2,339,000.

Several other institutional investors and hedge funds have also made changes to their positions in RSP. Banta Asset Management LP bought a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $1,654,000. Allen Investment Management LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 32.8% during the 4th quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock valued at $27,286,000 after purchasing an additional 35,220 shares in the last quarter. Vise Technologies Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 144.2% during the 4th quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock valued at $968,000 after purchasing an additional 2,983 shares in the last quarter. Financial Guidance Group Inc. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 13.2% in the 4th quarter. Financial Guidance Group Inc. now owns 35,947 shares of the company’s stock worth $6,886,000 after purchasing an additional 4,197 shares during the last quarter. Finally, Capital Investment Advisory Services LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 67.5% in the 4th quarter. Capital Investment Advisory Services LLC now owns 70,925 shares of the company’s stock worth $13,586,000 after purchasing an additional 28,586 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP opened at $215.01 on Friday. The company’s 50 day simple moving average is $211.72 and its 200 day simple moving average is $203.74. Invesco S&P 500 Equal Weight ETF has a 12 month low of $179.94 and a 12 month high of $218.11. The company has a market capitalization of $97.26 billion, a P/E ratio of 20.10 and a beta of 0.91.

Invesco S&P 500 Equal Weight ETF Company 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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.