Crown Wealth Group LLC Invests $479,000 in Invesco S&P 500 Equal Weight ETF $RSP

Crown Wealth Group LLC bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,498 shares of the company’s stock, valued at approximately $479,000.

Several other hedge funds and other institutional investors have also made changes to their positions in RSP. Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.0% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 86,760 shares of the company’s stock worth $16,651,000 after purchasing an additional 1,736 shares in the last quarter. Delta Wealth Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 0.9% in the first quarter. Delta Wealth Advisors LLC now owns 28,730 shares of the company’s stock worth $5,514,000 after buying an additional 257 shares during the period. First United Bank & Trust grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 28.4% in the first quarter. First United Bank & Trust now owns 43,523 shares of the company’s stock valued at $8,353,000 after buying an additional 9,617 shares in the last quarter. Financial Architects LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 61.2% in the first quarter. Financial Architects LLC now owns 2,620 shares of the company’s stock valued at $503,000 after buying an additional 995 shares in the last quarter. Finally, ADG Wealth Management Group LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 7.7% during the 1st quarter. ADG Wealth Management Group LLC now owns 86,090 shares of the company’s stock valued at $16,522,000 after buying an additional 6,134 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Down 0.7%

NYSEARCA RSP opened at $210.31 on Friday. The stock has a market cap of $90.73 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $179.94 and a fifty-two week high of $214.30. The business has a 50 day moving average price of $206.21 and a two-hundred day moving average price of $200.15.

Invesco S&P 500 Equal Weight ETF Company 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.