Savvy Advisors Inc. Increases Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Savvy Advisors Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 751.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 32,520 shares of the company’s stock after purchasing an additional 28,700 shares during the period. Savvy Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,230,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock valued at $4,798,090,000 after purchasing an additional 635,369 shares during the period. Phoenix Financial Ltd. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 13.8% in the third quarter. Phoenix Financial Ltd. now owns 1,768,432 shares of the company’s stock valued at $335,472,000 after purchasing an additional 214,432 shares during the period. Cerity Partners LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.2% in the third quarter. Cerity Partners LLC now owns 1,756,382 shares of the company’s stock valued at $333,186,000 after purchasing an additional 54,925 shares during the period. Lbmc Investment Advisors LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 0.5% during the 3rd quarter. Lbmc Investment Advisors LLC now owns 1,336,510 shares of the company’s stock valued at $253,536,000 after purchasing an additional 6,770 shares in the last quarter. Finally, Focus Partners Wealth increased its stake in Invesco S&P 500 Equal Weight ETF by 13.2% during the 3rd quarter. Focus Partners Wealth now owns 1,297,134 shares of the company’s stock worth $245,646,000 after buying an additional 150,899 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock opened at $193.09 on Friday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $205.24. The company has a market capitalization of $85.47 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The firm’s fifty day moving average price is $198.20 and its 200 day moving average price is $193.57.

About Invesco S&P 500 Equal Weight ETF

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.