Invesco S&P 500 Equal Weight ETF $RSP Stake Raised by Investment Planning Advisors Inc.

Investment Planning Advisors Inc. grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 167,023 shares of the company’s stock after acquiring an additional 7,412 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 7.8% of Investment Planning Advisors Inc.’s holdings, making the stock its 4th largest position. Investment Planning Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $34,744,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Weaver Consulting Group lifted its stake in Invesco S&P 500 Equal Weight ETF by 1.5% during the third quarter. Weaver Consulting Group now owns 3,217 shares of the company’s stock worth $669,000 after purchasing an additional 48 shares during the period. Sage Capital Advisors llc lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.0% during the third quarter. Sage Capital Advisors llc now owns 2,461 shares of the company’s stock valued at $512,000 after acquiring an additional 48 shares during the period. Charis Legacy Partners LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.5% in the 2nd quarter. Charis Legacy Partners LLC now owns 10,780 shares of the company’s stock valued at $2,294,000 after purchasing an additional 49 shares in the last quarter. Canvas Wealth Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.2% in the 2nd quarter. Canvas Wealth Advisors LLC now owns 4,373 shares of the company’s stock valued at $930,000 after purchasing an additional 50 shares in the last quarter. Finally, Ballast Rock Private Wealth LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.8% in the 1st quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock valued at $1,305,000 after purchasing an additional 51 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Trading Down 0.9%

Shares of Invesco S&P 500 Equal Weight ETF stock traded down $1.85 during mid-day trading on Wednesday, reaching $211.45. 4,761,476 shares of the stock were exchanged, compared to its average volume of 11,967,609. The company has a market cap of $97.05 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The firm has a 50-day simple moving average of $216.16 and a 200 day simple moving average of $210.02. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $182.11 and a fifty-two week high of $223.43.

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.