American Alpha Advisors LLC Purchases 2,669 Shares of Invesco S&P 500 Equal Weight ETF $RSP

American Alpha Advisors LLC grew its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 56.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 7,378 shares of the company’s stock after acquiring an additional 2,669 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 1.0% of American Alpha Advisors LLC’s portfolio, making the stock its 24th biggest position. American Alpha Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,400,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. GRIMES & Co WEALTH MANAGEMENT LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 107.0% during the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 265,995 shares of the company’s stock worth $50,459,000 after buying an additional 137,493 shares during the period. CMG Global Holdings LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 13.6% during the third quarter. CMG Global Holdings LLC now owns 35,694 shares of the company’s stock worth $6,741,000 after buying an additional 4,262 shares during the last quarter. Sowell Financial Services LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 23.2% during the 3rd quarter. Sowell Financial Services LLC now owns 20,356 shares of the company’s stock worth $3,862,000 after purchasing an additional 3,829 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 46.5% in the second quarter. Geneos Wealth Management Inc. now owns 116,894 shares of the company’s stock valued at $21,244,000 after buying an additional 37,119 shares during the period. Finally, Total Clarity Wealth Management Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 25.4% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 4,304 shares of the company’s stock valued at $782,000 after acquiring an additional 872 shares during the period. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $199.05 on Tuesday. The firm has a 50-day moving average of $192.19 and a 200-day moving average of $188.99. The stock has a market cap of $80.05 billion, a PE ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $200.10.

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.