Concurrent Investment Advisors LLC Acquires 21,991 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Concurrent Investment Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 21.4% during the second quarter, Holdings Channel reports. The fund owned 124,735 shares of the company’s stock after purchasing an additional 21,991 shares during the period. Concurrent Investment Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $26,540,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Banta Asset Management LP bought a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $1,654,000. Allen Investment Management LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 32.8% in the fourth quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock valued at $27,286,000 after acquiring an additional 35,220 shares during the period. Vise Technologies Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 144.2% in the fourth quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock valued at $968,000 after acquiring an additional 2,983 shares during the period. CBIZ Investment Advisory Services LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 20.4% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 257,030 shares of the company’s stock valued at $49,137,000 after acquiring an additional 43,580 shares in the last quarter. Finally, Madison Asset Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $858,000. 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 $220.05 on Friday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $182.11 and a 52 week high of $223.43. The firm’s 50-day simple moving average is $217.04 and its 200 day simple moving average is $207.29. The firm has a market cap of $99.44 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.

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.