Invesco S&P 500 Equal Weight ETF $RSP Stock: LCW Services LLC Grows Position

LCW Services LLC lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 47,392 shares of the company’s stock after buying an additional 3,303 shares during the period. Invesco S&P 500 Equal Weight ETF makes up approximately 4.1% of LCW Services LLC’s portfolio, making the stock its 6th biggest holding. LCW Services LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $9,858,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Highland Investment Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at about $26,000. Brandywine Financial Group increased its stake in Invesco S&P 500 Equal Weight ETF by 636.8% in the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares during the period. Rogco LP purchased a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth approximately $34,000. Asset Dedication LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $36,000. Finally, Raleigh Capital Management Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $42,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $216.64 on Thursday. 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. The stock has a 50 day moving average price of $215.49 and a two-hundred day moving average price of $211.02. The company has a market capitalization of $100.12 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.