Investment Management Corp VA ADV Makes New Investment in Invesco S&P 500 Equal Weight ETF $RSP

Investment Management Corp VA ADV acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,746 shares of the company’s stock, valued at approximately $779,000.

Other institutional investors have also modified their holdings of the company. American Institute for Advanced Investment Management LLP lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 1.3% in the third quarter. American Institute for Advanced Investment Management LLP now owns 5,621 shares of the company’s stock valued at $1,169,000 after acquiring an additional 70 shares in the last quarter. Guidance Capital Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.8% in the third quarter. Guidance Capital Inc. now owns 64,757 shares of the company’s stock worth $14,245,000 after acquiring an additional 1,130 shares during the last quarter. United Advisor Group LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 188.6% during the third quarter. United Advisor Group LLC now owns 5,220 shares of the company’s stock worth $1,086,000 after purchasing an additional 3,411 shares in the last quarter. Carmel Capital Partners LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth approximately $8,465,000. Finally, Phoenix Wealth Advisors increased its position in shares of Invesco S&P 500 Equal Weight ETF by 6.7% during the third quarter. Phoenix Wealth Advisors now owns 32,191 shares of the company’s stock worth $6,696,000 after purchasing an additional 2,010 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $216.05 on Friday. The business has a fifty day moving average price of $214.78 and a 200 day moving average price of $208.27. Invesco S&P 500 Equal Weight ETF has a one year low of $182.11 and a one year high of $224.20. The company has a market cap of $100.26 billion, a P/E ratio of 20.10 and a beta of 0.91.

About Invesco S&P 500 Equal Weight ETF

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.