Royal Bank of Canada Boosts Stock Position in Invesco S&P 500 Equal Weight Income Advantage ETF $RSPA

Royal Bank of Canada boosted its position in Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) by 19.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 83,409 shares of the company’s stock after purchasing an additional 13,749 shares during the quarter. Royal Bank of Canada owned about 0.58% of Invesco S&P 500 Equal Weight Income Advantage ETF worth $4,170,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the fourth quarter worth about $26,000. Stenger Family Office LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the fourth quarter valued at approximately $118,000. JPMorgan Chase & Co. acquired a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF during the third quarter worth approximately $156,000. Brown Lisle Cummings Inc. boosted its position in Invesco S&P 500 Equal Weight Income Advantage ETF by 82.2% during the first quarter. Brown Lisle Cummings Inc. now owns 3,325 shares of the company’s stock worth $166,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in Invesco S&P 500 Equal Weight Income Advantage ETF by 99.9% in the 2nd quarter. Osaic Holdings Inc. now owns 3,816 shares of the company’s stock worth $190,000 after acquiring an additional 1,907 shares during the period.

Invesco S&P 500 Equal Weight Income Advantage ETF Stock Performance

RSPA stock opened at $55.00 on Friday. The company has a 50 day moving average price of $53.61 and a two-hundred day moving average price of $52.44. The stock has a market capitalization of $1.05 billion, a P/E ratio of 20.77 and a beta of 0.57. Invesco S&P 500 Equal Weight Income Advantage ETF has a one year low of $49.03 and a one year high of $55.00.

Invesco S&P 500 Equal Weight Income Advantage ETF Profile

The Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the S&P 500 Equal Weight Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection RSPA was launched on Jul 17, 2024 and is issued by Invesco.