Invesco S&P 500 Equal Weight ETF $RSP Shares Bought by Investment Advisory Services Inc. TX ADV

Investment Advisory Services Inc. TX ADV boosted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 10.2% in the third quarter, HoldingsChannel.com reports. The fund owned 28,042 shares of the company’s stock after purchasing an additional 2,603 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 1.6% of Investment Advisory Services Inc. TX ADV’s investment portfolio, making the stock its 16th biggest position. Investment Advisory Services Inc. TX ADV’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,833,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Highland Investment Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth approximately $26,000. Brandywine Financial Group grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 636.8% in the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after acquiring an additional 121 shares in the last quarter. Valley National Advisers Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter worth approximately $31,000. Rogco LP acquired a new position in Invesco S&P 500 Equal Weight ETF in the second quarter valued at approximately $34,000. Finally, Asset Dedication LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at approximately $36,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $217.52 on Wednesday. The firm has a market cap of $99.79 billion, a price-to-earnings 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 firm’s fifty day moving average price is $215.18 and its 200 day moving average price is $207.43.

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.