Global Retirement Partners LLC Raises Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Global Retirement Partners LLC grew its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 15.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 32,452 shares of the company’s stock after acquiring an additional 4,342 shares during the period. Global Retirement Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,216,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in RSP. Brighton Jones LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.4% in the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after buying an additional 246 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $83,931,000. Bison Wealth LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 25.8% in the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after buying an additional 4,295 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter worth $11,553,000. Finally, Gamco Investors INC. ET AL purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth $279,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Up 0.4%

Shares of NYSEARCA:RSP opened at $204.71 on Friday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $173.00 and a 52 week high of $205.53. The stock has a market capitalization of $88.31 billion, a P/E ratio of 20.10 and a beta of 0.92. The firm has a fifty day simple moving average of $198.26 and a two-hundred day simple moving average of $196.36.

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.