Invesco S&P 500 Equal Weight ETF $RSP Shares Acquired by Brookstone Capital Management

Brookstone Capital Management lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 269,874 shares of the company’s stock after purchasing an additional 6,481 shares during the quarter. Brookstone Capital Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $51,697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Gleason Group Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $144,000. Financial Planning Hawaii Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $3,752,000. Acima Private Wealth LLC grew its position in Invesco S&P 500 Equal Weight ETF by 2.3% during the 4th quarter. Acima Private Wealth LLC now owns 55,404 shares of the company’s stock worth $10,613,000 after purchasing an additional 1,268 shares during the last quarter. Northstar Advisory Group LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $912,000. Finally, Sherman Wealth Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $201,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP opened at $188.07 on Tuesday. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $205.24. The stock has a market capitalization of $77.99 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The company has a 50-day simple moving average of $198.67 and a 200-day simple moving average of $193.49.

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.