Invesco S&P 500 Equal Weight ETF $RSP Holdings Lifted by Echo45 Advisors LLC

Echo45 Advisors LLC boosted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.6% in the third quarter, HoldingsChannel reports. The firm owned 91,504 shares of the company’s stock after buying an additional 4,054 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 8.7% of Echo45 Advisors LLC’s holdings, making the stock its 2nd largest holding. Echo45 Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $19,035,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vise Technologies Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 144.2% during the fourth quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock valued at $968,000 after acquiring an additional 2,983 shares during the last quarter. Pettyjohn Wood & White Inc. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 14.9% during the fourth quarter. Pettyjohn Wood & White Inc. now owns 30,320 shares of the company’s stock worth $5,808,000 after acquiring an additional 3,939 shares during the period. Prism Advisors Inc. boosted its position in Invesco S&P 500 Equal Weight ETF by 10.6% in the first quarter. Prism Advisors Inc. now owns 59,379 shares of the company’s stock worth $11,396,000 after purchasing an additional 5,683 shares during the last quarter. Marino Stram & Associates LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 9.0% in the first quarter. Marino Stram & Associates LLC now owns 29,979 shares of the company’s stock worth $5,754,000 after purchasing an additional 2,465 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 16.9% in the 2nd quarter. NewEdge Advisors LLC now owns 528,103 shares of the company’s stock valued at $112,364,000 after purchasing an additional 76,324 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Down 0.8%

NYSEARCA RSP traded down $1.73 during trading hours on Wednesday, reaching $210.60. 7,338,792 shares of the company were exchanged, compared to its average volume of 12,094,951. The stock has a market capitalization of $95.84 billion, a P/E ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 1 year low of $182.11 and a 1 year high of $223.43. The business’s 50 day simple moving average is $216.59 and its 200-day simple moving average is $209.30.

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). 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.