Telos Capital Management Inc. Acquires New Stake in Invesco S&P 500 Equal Weight ETF $RSP

Telos Capital Management Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 22,474 shares of the company’s stock, valued at approximately $4,675,000.

A number of other hedge funds have also made changes to their positions in RSP. Genesis Private Wealth LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 0.5% during the 3rd quarter. Genesis Private Wealth LLC now owns 28,250 shares of the company’s stock valued at $5,877,000 after purchasing an additional 140 shares in the last quarter. Paulson Wealth Management Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 36.7% in the 3rd quarter. Paulson Wealth Management Inc. now owns 55,995 shares of the company’s stock worth $11,648,000 after buying an additional 15,035 shares in the last quarter. MMA Asset Management LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 8.9% in the 3rd quarter. MMA Asset Management LLC now owns 6,728 shares of the company’s stock worth $1,400,000 after buying an additional 551 shares in the last quarter. Platform Technology Partners raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 16.4% in the 3rd quarter. Platform Technology Partners now owns 6,592 shares of the company’s stock worth $1,371,000 after buying an additional 928 shares in the last quarter. Finally, Inscription Capital LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 19.3% in the third quarter. Inscription Capital LLC now owns 17,785 shares of the company’s stock valued at $3,700,000 after buying an additional 2,871 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Down 2.9%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $216.87 on Friday. The business has a fifty day simple moving average of $214.89 and a 200-day simple moving average of $208.17. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $182.11 and a fifty-two week high of $224.20. The firm has a market cap of $100.00 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.

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.