Invesco S&P 500 Equal Weight ETF $RSP Shares Purchased by Ballast Inc.

Ballast Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 11.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,211 shares of the company’s stock after purchasing an additional 11,273 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 4.3% of Ballast Inc.’s investment portfolio, making the stock its 5th biggest position. Ballast Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $23,134,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of RSP. Tred Avon Family Wealth LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 76.6% during the third quarter. Tred Avon Family Wealth LLC now owns 3,919 shares of the company’s stock valued at $815,000 after purchasing an additional 1,700 shares during the last quarter. Focused Alpha LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 5.0% in the third quarter. Focused Alpha LLC now owns 10,272 shares of the company’s stock worth $2,137,000 after acquiring an additional 488 shares during the last quarter. Freedom Day Solutions LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth $6,815,000. Cordatus Wealth Management LLC grew its position in Invesco S&P 500 Equal Weight ETF by 64.4% during the third quarter. Cordatus Wealth Management LLC now owns 1,850 shares of the company’s stock worth $385,000 after buying an additional 725 shares in the last quarter. Finally, Investment Research Partners LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.3% in the third quarter. Investment Research Partners LLC now owns 20,045 shares of the company’s stock valued at $4,170,000 after purchasing an additional 832 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP traded up $1.97 during mid-day trading on Tuesday, reaching $215.37. The company had a trading volume of 3,910,898 shares, compared to its average volume of 11,912,978. The company’s 50-day moving average is $215.68 and its 200-day moving average is $210.69. Invesco S&P 500 Equal Weight ETF has a twelve month low of $182.11 and a twelve month high of $223.43. The company has a market capitalization of $99.53 billion, a P/E ratio of 20.10 and a beta of 0.92.

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.