Strong Tower Advisory Services Has $3.67 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Strong Tower Advisory Services trimmed its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 44.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 19,134 shares of the company’s stock after selling 15,467 shares during the period. Strong Tower Advisory Services’ holdings in Invesco S&P 500 Equal Weight ETF were worth $3,672,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Morgan Stanley increased its stake in Invesco S&P 500 Equal Weight ETF by 7.9% in the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after acquiring an additional 2,285,526 shares during the period. Varma Mutual Pension Insurance Co bought a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $327,184,000. Clal Insurance Enterprises Holdings Ltd bought a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $306,496,000. BW Gestao de Investimentos Ltda. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $287,168,000. Finally, State of Wisconsin Investment Board boosted its holdings in Invesco S&P 500 Equal Weight ETF by 14.3% during the fourth quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock valued at $1,625,486,000 after purchasing an additional 1,060,181 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 Stock Performance

RSP stock opened at $209.96 on Monday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $175.98 and a 1-year high of $214.30. The business’s 50 day moving average is $205.05 and its 200-day moving average is $199.54. The firm has a market cap of $90.58 billion, a P/E ratio of 20.10 and a beta of 0.91.

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.