Integrated Wealth Concepts LLC Grows Position in Invesco S&P 500 Equal Weight ETF $RSP

Integrated Wealth Concepts LLC increased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 41.5% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 271,819 shares of the company’s stock after buying an additional 79,724 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $51,564,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. NBZ Investment Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth approximately $26,000. Aviso Financial Inc. bought a new position in Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $28,000. Investment Counsel Co. of Nevada purchased a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter worth approximately $29,000. Tompkins Financial Corp purchased a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth approximately $32,000. Finally, IMA Advisory Services Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $33,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 0.0%

Shares of RSP opened at $193.52 on Monday. The firm has a market cap of $80.25 billion, a PE ratio of 20.10 and a beta of 0.99. The firm has a fifty day simple moving average of $199.87 and a two-hundred day simple moving average of $193.20. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $205.24.

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.