Cornerstone Wealth Group LLC Increases Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Cornerstone Wealth Group LLC boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 77,947 shares of the company’s stock after acquiring an additional 6,242 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 1.0% of Cornerstone Wealth Group LLC’s portfolio, making the stock its 20th biggest holding. Cornerstone Wealth Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $14,786,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in RSP. FSA Investment Group LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 10.3% in the third quarter. FSA Investment Group LLC now owns 180,128 shares of the company’s stock valued at $34,248,000 after purchasing an additional 16,857 shares during the period. Chicago Partners Investment Group LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 6.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 13,352 shares of the company’s stock valued at $2,543,000 after buying an additional 784 shares in the last quarter. Joel Isaacson & Co. LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 30.3% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 13,961 shares of the company’s stock worth $2,648,000 after buying an additional 3,245 shares during the last quarter. Grey Fox Wealth Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $275,000. Finally, McAdam LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 3.2% during the 3rd quarter. McAdam LLC now owns 263,626 shares of the company’s stock worth $50,010,000 after buying an additional 8,150 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $196.08 on Wednesday. The stock has a market capitalization of $78.98 billion, a P/E ratio of 20.10 and a beta of 0.99. The business has a 50 day simple moving average of $192.32 and a two-hundred day simple moving average of $189.06. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month 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.