Procyon Advisors LLC Boosts Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Procyon Advisors LLC raised its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 216.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,400 shares of the company’s stock after acquiring an additional 27,628 shares during the period. Procyon Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,739,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Drucker Wealth 3.0 LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.3% in the 3rd quarter. Drucker Wealth 3.0 LLC now owns 1,701 shares of the company’s stock valued at $323,000 after buying an additional 55 shares during the period. Strategies Wealth Advisors LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 3.5% during the 3rd quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $307,000 after buying an additional 55 shares during the period. Battery Global Advisors LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 0.4% in the third quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock valued at $2,411,000 after acquiring an additional 55 shares during the last quarter. Burns J W & Co. Inc. NY lifted its holdings in Invesco S&P 500 Equal Weight ETF by 0.4% in the third quarter. Burns J W & Co. Inc. NY now owns 13,281 shares of the company’s stock valued at $2,519,000 after acquiring an additional 57 shares during the last quarter. Finally, Melfa Wealth Management Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 1.7% in the third quarter. Melfa Wealth Management Inc. now owns 3,473 shares of the company’s stock worth $659,000 after acquiring an additional 57 shares during the period. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Down 1.5%

RSP stock opened at $190.48 on Friday. The business has a fifty day moving average of $199.62 and a two-hundred day moving average of $193.35. The stock has a market cap of $78.99 billion, a price-to-earnings 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 $205.24.

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.