Invesco S&P 500 Equal Weight ETF $RSP Stock: Kestra Advisory Services LLC Grows Position

Kestra Advisory Services LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 646,874 shares of the company’s stock after buying an additional 35,684 shares during the period. Kestra Advisory Services LLC owned 0.14% of Invesco S&P 500 Equal Weight ETF worth $134,563,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Venture Visionary Partners LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 1.6% during the third quarter. Venture Visionary Partners LLC now owns 384,586 shares of the company’s stock worth $80,002,000 after acquiring an additional 5,887 shares during the last quarter. Rhodes Investment Advisors Inc. ADV purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $794,000. Corient Private Wealth LP raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 17.5% in the 2nd quarter. Corient Private Wealth LP now owns 396,727 shares of the company’s stock worth $84,412,000 after purchasing an additional 58,956 shares during the period. Echo45 Advisors LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.8% in the 2nd quarter. Echo45 Advisors LLC now owns 87,450 shares of the company’s stock valued at $18,607,000 after purchasing an additional 2,346 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $2,939,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP opened at $216.87 on Friday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $182.11 and a 1 year high of $224.20. The stock has a market capitalization of $100.00 billion, a P/E ratio of 20.10 and a beta of 0.91. The stock has a 50-day simple moving average of $214.89 and a 200-day simple moving average of $208.17.

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.