Aspen Investment Management Inc Raises Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Aspen Investment Management Inc increased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.3% during the first quarter, Holdings Channel.com reports. The firm owned 65,707 shares of the company’s stock after buying an additional 2,737 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 3.9% of Aspen Investment Management Inc’s holdings, making the stock its 2nd biggest position. Aspen Investment Management Inc’s holdings in Invesco S&P 500 Equal Weight ETF were worth $12,610,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Morgan Stanley lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 7.9% in the 4th quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock worth $6,004,682,000 after purchasing an additional 2,285,526 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock worth $5,028,875,000 after purchasing an additional 959,176 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.6% in the 4th quarter. Invesco Ltd. now owns 10,144,784 shares of the company’s stock worth $1,943,335,000 after purchasing an additional 444,846 shares in the last quarter. State of Wisconsin Investment Board lifted its stake in Invesco S&P 500 Equal Weight ETF by 14.3% during the 4th quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock valued at $1,625,486,000 after acquiring an additional 1,060,181 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 7.1% during the 4th quarter. LPL Financial LLC now owns 5,486,948 shares of the company’s stock valued at $1,051,080,000 after acquiring an additional 362,412 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Down 0.3%

Shares of NYSEARCA:RSP opened at $212.17 on Wednesday. The stock’s fifty day simple moving average is $204.17 and its two-hundred day simple moving average is $199.14. Invesco S&P 500 Equal Weight ETF has a 1-year low of $175.98 and a 1-year high of $214.30. The stock has a market cap of $91.53 billion, a PE ratio of 20.10 and a beta of 0.91.

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.